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DOJ Seizes $1 Billion Worth of Bitcoin Linked to Silk Road

U.S. Justice Department says it has seized 69,370 in bitcoin from a mysterious digital wallet. The wallet has been dormant since 2013 when the original Silk Road marketplace was shuttered. The FBI seized 174,000 bitcoins from the site’s owner, worth about $105 million at the time. The investigation later showed that the bitcoins associated with these 54 transactions had been stolen from the operators of the Silk Road sometime between 2012 and 2013, according to the Justice Department. An analysis released before Thursday’s announcement showed that total commissions earned by the site during its time in operation totaled around 614,000 bitcoin.”]

Source: https://www.cuinfosecurity.com/doj-seizes-1-billion-worth-bitcoin-linked-to-silk-road-a-15315

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