Bitcoins seized by U.S. are worth $ 2.4 Billion

The value of about 70 thousand BTC confiscated by the United States in November reached 2 billion 400 million dollars.

The American government had seized 69,369 BTC about two months ago. These bitcoins belonged to Silk Road, which was the largest Sunday place where illegal purchases were made online during its era.

At Silk Road, purchases were made with Bitcoin to ensure privacy, and the website had a serious accumulation of Bitcoin. The site, which operated between 2011 and 2013, was taken down by the FBI in late 2013. That year Silk Road’s bitcoin wallets were confiscated. The wallets in question contained hundreds of thousands of BTC, but not all of the wallets were recovered. The missing 444 BTC, still owned by Silk Road, is said to have been found. Some agents have even been suspended for Bitcoin theft in Silk Road investigations. Ross Ulbricht, the site’s founder, was sentenced to two counts of aggravated life in prison by a court order in 2015.

As stated above, the US Department of Justice announced the seizure of 69,369 BTC last November. According to the statement, these bitcoins were obtained from a hacker who once hacked Silk Road’s wallet. It is said that the Hacker signed an agreement with the US Attorney General’s Office on November 3, 2020 and with this agreement, it was decided to transfer bitcoins to the USA.

When bitcoins were seized, their value was just over $ 1 billion in total. In just two months with the price increase in bitcoin, the value of these BTCS has been about $ 2.4 billion and is still in the hands of the US government. It is not yet known whether it will be auctioned or not.

The American government has confiscated a large number of BTC to date. Some of these were also linked to Silk Road and were sold through various auctions. In one of the auctions, famous billionaire Tim Draper bought 32 thousand BTC. Draper had paid $ 632 per BTC at the time.

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