Crypto X Buzzes Over the Silk Road Bitcoins Dump
The U.S. government approved the sale of 69,370 BTC seized from the Silk Road marketplace less than two weeks before Trump’s inauguration. How did it become possible? Will the sale actually take place? How does the community react to the news?
The Northern District Court of California approved the liquidation of the bitcoins seized from the Silk Road marketplace in November 2020, years after the black market shut down. The decision concludes the four-year-long legal battle over the future of the seized crypto.
How did the approval become possible?
One of the key shifts in the legal battle took place on Dec. 30, 2024, when Chief U.S. District Judge Richard Seeborg denied a motion to block the forfeiture of…
