U.S. appeals court finally rules to seize approximately $3 billion worth of Bitcoin tied to Silk Road
On December 21, the US Court of Appeals finally confirmed an authorization to officially confiscate 69,370 bitcoins (worth about $3 billion) and other cryptocurrencies related to the now-defunct Silk Road dark web market.
The ruling was made as early as August, but according to a document from the US Ninth Circuit Court of Appeals, the ruling will now take effect. The Wednesday-filed document listed Silk Road founder Ross Ulbricht as the defendant, two claimants and the US government as plaintiffs. (The Block)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
With XRP Under Pressure, Major Investors Shift Focus to this Rising Altcoin
Fermion Protocol Redefines Luxury Ownership with $1M Dolce & Gabbana Glass Suit Fractionalization
Why Altcoins Can’t Make the Expected Mega Bullish Move? Analyst Reveals the Main Reason
While Bitcoin is trading near all-time highs, why are many altcoins nowhere near record highs?
Spot Litecoin ETF Under SEC Review Added to DTCC List – What Does It Mean?
Canary's spot Litecoin ETF has been included in the DTCC's ETF list.
Trending news
MoreCrypto prices
More
