U.S. government's $118 million Bitcoin sale from Silk Road stirs discussion. Experts downplay impact, citing small size compared to recent Grayscale sales. Represents 1.5% of government holdings and less than 1% of Bitcoin's circulating supply. Trend shifts towards direct exchange sales.
Huang BoU.S. court finalizes forfeiture of Silk Road-linked bitcoin, marking a significant moment in digital asset jurisprudence.
EdmundApproximately 69,370 Bitcoin was forfeited.
ZoeyThe Darknet, a hidden part of the internet accessed with tools like the Tor Browser, once connected to Bitcoin through Silk Road, an anonymous marketplace for illicit goods. Bitcoin's features attracted criminals, but its immutable ledger aided law enforcement, altering perceptions of its association with crime.
JixuJames Zhong, the Silk Road hacker charged by the US government for pilfering over 50,000 BTC from the notorious online marketplace in 2012, inadvertently showcased his incriminating Bitcoin wealth to federal investigators. The unfolding of this jaw-dropping incident was captured on police body cam footage.
JasperAside from Ulbricht's case, he has also promised to grant amnesty to Edward Snowden and Julian Assange
ClementIn 2015, a U.S. federal court found Ulbricht guilty on various charges linked to Silk Road's operations, meting out a sentence of two life terms and an additional forty years, all without the possibility of parole.
BrianThe Department of Justice (DOJ) appears to be continuing its 50,000 BTC sale that began earlier this year.
cryptopotatoHomeland Security Investigations (HSI) Arizona, the U.S. Attorney’s Office, the Internal Revenue Service (IRS) Criminal Investigations, the Drug Enforcement Administration (DEA), and the U.S. Postal Inspection Service constitute the major pillars of this task force.
nftnowThe Association of Certified Anti-Money Laundering Specialists' crypto and illicit finance expert says the industry needs to be more than "reluctant good citizens." This article is part of CoinDesk’s Sin Week.
Coindesk