Silk Road's Hidden Treasure: U.S. Court to Auction $131 Million in Seized Bitcoin - Claim Your Stake in the Crypto Goldrush!
Jan 26, 2024
The U.S. District Court of Maryland has issued a notice regarding the disposition of over $131 million worth of Bitcoin seized from the former dark web marketplace Silk Road. This action follows the court's order in the case of U.S. v. Joseph Farace, where Bitcoin was confiscated from individuals involved in laundering drug profits over the dark web. The seized digital assets include 2,874 Bitcoins valued at approximately $129 million and 58 Bitcoins worth around $3 million, seized in 2021. The court intends to sell these assets as directed by the Attorney General, giving individuals a 60-day window from January 10th to file an ancillary petition to claim an interest in the forfeited assets. After reviewing any claims or the expiration of the claim period, the U.S. government will officially own and can legally sell the seized Bitcoin.