The US Department of Justice (DOJ) has received court approval to sell approximately 69,370 Bitcoin valued at US$6.5 billion ($379 billion). These assets were seized from Silk Road, a defunct dark web marketplace, in one of the largest cryptocurrency seizures to date.
- Origin of Bitcoin: Bitcoin was seized from Silk Road, a platform known for facilitating illegal trade, including drugs and hacking services.
- Concerns about the weather: The sale has sparked speculation about its timing, with some suggesting political events may have influenced the decision.
He advertisement has generated comments on social networks.
- Commentators speculate about the motives behind the sale.
- Others are urging the Justice Department to postpone sales to avoid affecting the value of Bitcoin.
Bitcoin is around $95,000 at the time of this writing. Bitcoin surpassed $100,000 late last year.
Bitcoin is up 63,000% since the closure of Silk Road in 2013.
The platform’s founder, Ross Ulbricht, was convicted in 2015. Incoming US President Donald Trump promised to pardon Ulbricht if elected.
This article is published on BitPinas: US Department of Justice Authorized to Sell $6.5 Billion in Seized Bitcoin
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