Money Raised From Silk Road Bitcoins Is Now Property of the US


TheMerkle Silk Road Bitcoins ownershipMost cryptocurrency enthusiasts will recall how the US Justice Department seized over 144,000 BTC during the Silk Road shutdown. Said bitcoins have always belonged to Ross Ulbricht, who argued the money didn’t belong to the DOJ in the first place. Unfortunately, his appeal was rejected, effectively netting the government institution a US$48 million payday. It’s another major plot twist in the world of Bitcoin and Silk Road, albeit not a positive one. Silk Road Auction Proceeds Effectively Belong to the DOJ As most people will remember, the bitcoins seized at the time of Russ Ulbricht’s arrest were sold during two separate auctions.


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