Silk Road

The United States government has become one of the largest Bitcoin holders with over 200,000 BTC worth more than $5 billion despite selling a few thousand BTC worth millions earlier this year.According to a data analysis based on public filings, crypto firm 21.co estimated that the U.S. go ...

Ross Ulbricht, the founder of the darknet marketplace Silk Road, recently marked 10 years in prison. Despite the illegal activities associated with Silk Road, Ulbricht is viewed by some in the crypto community as having contributed to the accelerated adoption of Bitcoin. Silk Road was an online b ...

A cryptocurrency wallet associated with the United States Department of Justice (DOJ) moved approximately 9,825.25 Bitcoin worth around $299 million in a series of transactions on July 12. It’s unclear at this time whether the transactions, which appear to have ultimately p ...

Organization says it's a mistake Silk Road BTC withdrawal not yet planned Misunderstanding arose due to user labels User misconfigured tracker, then started unverified rumor On May 10, Twitter user nickname "1kbeetlejuice" told his followe ...

James Zhong was sentenced to a year and a day in prison by the Southern District of New York court due to his involvement in criminal activities related to the theft of over 51,000 BTC from the infamous Silk Road marketplace. In 2012, Zhong was able to hack the Silk Road's withdrawal processing s ...

The United States government has announced its plan to auction off more than 51,000 BTC, which were seized during the Silk Road case, in the midst of a global banking crisis. On March 14th, court documents revealed that the US government had already sold 9,861 BTC, valued at over $215 million. Th ...

US authorities have recently moved a significant amount of Bitcoin, around 40,000 BTC, that was confiscated from cybercriminals. Among these, 9,861 BTC that were seized from the Silk Road darknet market founders were transferred to Coinbase exchange's wallet. This move has led to a decline in ...