How much Bitcoin was seized in the Silk Road case?
Duc NguyenNov 27, 2021 · 3 years ago3 answers
Can you provide details on the amount of Bitcoin that was seized in the Silk Road case? How did the authorities handle the seized Bitcoin?
3 answers
- Nov 27, 2021 · 3 years agoIn the Silk Road case, the authorities seized approximately 144,000 Bitcoins. This amount was worth around $28.5 million at the time of the seizure. The seized Bitcoin was auctioned off by the U.S. Marshals Service in multiple rounds. The auctions attracted significant attention from both individual buyers and institutional investors.
- Nov 27, 2021 · 3 years agoThe Silk Road case involved the seizure of 144,000 Bitcoins. The authorities managed the seized Bitcoin by auctioning it off. The auctions were conducted in a transparent manner to ensure fairness. The proceeds from the auctions were used to compensate victims and fund law enforcement initiatives.
- Nov 27, 2021 · 3 years agoAccording to reports, around 144,000 Bitcoins were seized in the Silk Road case. The U.S. government held several auctions to sell off the seized Bitcoin. These auctions were seen as a significant event in the cryptocurrency community and attracted widespread media coverage. The auctions were conducted in a way that ensured transparency and allowed interested buyers to participate.
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