Recently, a significant ruling by a US court has confirmed the fate of the notorious Silk Road and the cryptocurrency world.

US Court Orders Confiscation of Nearly 70,000 BTC

The US court has ruled to confiscate an astounding 69,370 bitcoins, along with other cryptocurrencies including Bitcoin Gold (BTG), Bitcoin SV (BSV), and Bitcoin Cash (BCH).

Mysterious Individual Assists Government in Seizing Silk Road Cryptocurrency

These funds are now under the control of the US government, thanks to an individual known as “X” who successfully infiltrated the Silk Road and gained control over its funds.

Billions of Dollars in Cryptocurrency Treasures

As early as 2020, the US Department of Justice had seized these cryptocurrencies, valued at over a staggering $1 billion at the time, and began seeking forfeiture.

The Notorious Cryptocurrency Legacy of the Dark Web Silk Road

Silk Road was founded and operated by Ross Ulbricht from 2011 to 2013, gaining infamy for facilitating the sale of drugs and weapons. Ross Ulbricht is currently serving a life sentence and has previously agreed to pay the US government $3 billion in stolen bitcoins, relinquishing partial rights to these bitcoins in 2022.