Bitcoin Assets Worth More Than $ 1 Billion From US Silk Road Account Seized

 Recently the crypto industry was shocked by the transfer of Bitcoin assets (BTC) of nearly 70,000 bitcoins from accounts suspected of being closely linked to the illegal market, Silk Road.


Silk Road is an online black market, involving a wide range of businesses including drugs, stolen credit cards and murder wages.


Subsequently, the Department of Justice (DoJ) seized more than $ 1 billion worth of assets, including BTC, Bitcoin Gold (BTG), Bitcoin SV (BSV), Bitcoin Cash (BCH) assets from hackers known as Individual X.


According to reports, the criminals involved managed to hack Silk Road and steal crypto assets. On Monday, they agreed on the amount of funds, which was the reason for the transfer of assets for the first time in the last five years.


The amount of bitcoin assets recorded the largest value in the history of cryptocurrency seizures today.


Earlier in 2015, Bitcoin was seized from various wallets linked to Silk Road before being auctioned off by the US government.



However, Silk Road activities were thwarted by the United States government in 2013 and its founder, Ross Ulbricht, is currently serving a life sentence after being found guilty of money laundering, computer hacking and conspiracy to commit narcotics trafficking.