US Government Cleared to Sell 69,370 BTC Confiscated from Silk Road

10/8/2024 4:39:17 PM

According to Lookonchain, the U.S. government is now free to sell 69,370 BTC, valued at approximately $4.33 billion, which was confiscated from an individual associated with Silk Road. This follows the U.S. Supreme Court's decision on October 7 not to hear Battle Born Investments' case regarding the ownership of the seized Bitcoin. This development could potentially impact Bitcoin's market dynamics due to the large volume of BTC involved. (Source)

BTC US government Silk Road Battle Born Investments U.S. Supreme Court

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