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U.S. Government to Auction $117 Million in Confiscated Bitcoin from Silk Road Case
26.1.2024
The U.S. government has filed a notice revealing its plans to auction approximately $117 million worth of Bitcoin (BTC) that was seized during a dark web drug bust. In a notice dated January 8, the government said it aims to auction nearly 2,875 BTC seized from Ryan Farace and Sean Bridges in 2021...
US Court Finalizes Forfeiture of 69,370 Bitcoin from Silk Road
21.12.2023
Source: DALL·E A U.S. appeals court has completed a legal process finalizing the seizure of 69,370 Bitcoin from the Silk Road, the now defunct dark web marketplace. According to a court filing, the U.S. District Court of Appeals for the Ninth Circuit confirmed the transfer of the Bitcoin to federal...
Jimmy Zhong Arrest Details Revealed in New Report
18.10.2023
Zhong is now serving a one-year sentence related to the theft of bitcoin from the Silk Road marketplace
US government among largest Bitcoin hodlers with over $5B in BTC: Report
16.10.2023
The $5-billion estimation is based on three major seizures linked to the Bitfinex hack and Silk Road, meaning the actual holdings could be much larger
Silk Road founder marks 10 years into his double life sentence in prison
2.10.2023
Ross Ulbricht the founder of the first “modern darknet market” has reached the 10-year mark of his double life sentence in prison after having his laptop seized by the FBI in 2013
China May Explore New Silk Road/BRI CBDC Adoption – Digital Yuan Going Global?
15.9.2023
Beijing is getting bullish about the cross-border use of the digital yuan – with Chinese experts now talking about BRI/“new Silk Road” CBDC integration.
Per the Chinese Securities Journal, Li Jianjun, the Vice President of the Central University of Finance and Economics, spoke about the e-CNY’s...
Heartland Tri-State Bank Collapses, Biden Urged to Grant Silk Road’s Ross Ulbricht Clemency, and More — Week in Review
6.8.2023
In this week’s news, another major U.S. bank has failed, a Maine senator has appealed to United States president Joe Biden to grant Silk Road creator Ross Ulbricht clemency, a senior U.S. district judge has rejected the approach taken in the SEC v. Ripple ruling regarding XRP, and Robert...
Maine Senator Urges Biden to Consider Clemency for Ross Ulbricht During President’s Auburn Visit
30.7.2023
On July 28, 2023, U.S. president Joe Biden made a trip to Auburn, Maine, where he delivered a speech at Auburn Manufacturing and subsequently attended a private fundraising gathering. Eric Brakey, the Republican senator representing Maine, greeted Biden upon his arrival in Auburn and handed him...
Roger Ver at Webx Asia: Reflections on Payments, Self-Custody, and the Role of Crypto Lawbreakers
28.7.2023
When asked whether he’d rather be called a “bitcoin evangelist,” or “Bitcoin Jesus” at the recent Webx seminar in Tokyo, Roger Ver responds: “I prefer to be called Roger.” The enthusiastic and outspoken figure in crypto, scattering sats around...
US Government Moves $300 Million Worth of Silk Road Bitcoin – What's Going On?
13.7.2023
The US government has moved its Silk Road Bitcoin (BTC) reserve, stirring up speculations about whether it plans a sale of the assets.
On Wednesday, the Department of Justice (DOJ) transferred $300 million worth of BTC to new addresses in a series of transactions, according to data from...
US government moves nearly 10K Bitcoin worth over $300M related to Silk Road seizure
12.7.2023
The government previously promised to liquidate approximately 40,000 remaining BTC from the seizure in “four more batches” over the remainder of the calendar year
US Government Transfers $300 Million Worth of Seized Silk Road Bitcoins
12.7.2023
On July 12, 2023, onchain data shows the U.S. government transferred 9,800 bitcoins (BTC), worth just over $300 million. These bitcoins originally came from James Zhong’s Silk Road hack. In March, the Department of Justice also moved a similar amount of bitcoins associated with Silk Road....
US Government Moves $300M Worth of Bitcoin Linked to Silk Road: On-Chain Data
12.7.2023
A wallet tagged as belonging to the U.S. government has moved over $300 million worth of bitcoin (BTC) in three separate transactions
Silk Road Advisor Sentenced to 20 Years in Prison While a Rogue Double-Agent Eludes Capture
12.7.2023
On Tuesday, July 11, 2023, the U.S. Attorney’s Office for the Southern District of New York, led by attorney Damian Williams, announced a 20-year prison sentence for Roger Clark. Clark was allegedly the senior advisor to the original Silk Road, an infamous darknet marketplace that operated...
Bitcoin fees plummet 95% as BTC price recovers from US gov't scare
11.5.2023
Bitcoin was not subject to U.S. government selling this week, analysis shows, but BTC price action remains pressured
Bitcoin Prices Crash Suddenly, Rumors of US Govt Holdings Being Sold-Off – What’s Going On?
10.5.2023
Speculation swirled on Wednesday on whether the US government's Bitcoin holdings were being sold off in the thousands.
In a tweet, Steven or @Dogetoshi, research director at The Block, found transactions labeled as “Gov: DOJ Confiscated funds.”
It then seemed to be a user mistake.
Crypto...
$3.4B of Bitcoin in a popcorn tin: The Silk Road hacker’s story
9.5.2023
The Silk Road hacker lived the high life for a decade with his stolen billions — but was caught due to a transfer of pocket change
Bitcoin Whale Transfers $13 Million Worth of Dormant Coins Dating Back to 2012 and 2013
21.4.2023
Following the transfer of $60 million worth of bitcoins on April 19, after more than nine years of dormancy, another whale has made its move. The whale, who acquired 1,129 bitcoins in 2012 and 2013, has transferred 464 bitcoins worth $13 million for the first time in nine years. 464 Bitcoin Move...
Silk Road Hacker Sentenced to a Year in Prison for Wire Fraud
16.4.2023
On April 14, 2023, the Department of Justice (DOJ) for the Southern District of New York revealed that the hacker responsible for the Silk Road marketplace breach had been sentenced to a year in prison for wire fraud charges. James Zhong stole more than 50,000 bitcoin from the darknet marketplace...
Silk Road Bitcoin Thief, Once Worth $3.4 Billion, Receives One-Year Prison Sentence
15.4.2023
A Georgia man who stole more than 50,000 Bitcoin from the Silk Road marketplace in 2012 has been sentenced to a year in prison.
In a Friday press release, the US Justice Department said James Zhong has been sentenced to one year and one day in prison for charges related to executing a scheme...