Tags: Silk Road

US President Donald Trump signed a full and unconditional pardon for Ross Ulbricht earlier this week.

News is circulating that the United States government has been given clearance to liquidate a huge stash of Bitcoin, but it may have already been sold. 

Pilipis amassed over 10,000 BTC through AurumXchange fees, valued at $1.2 million at the time, while bypassing federal regulations.

Ross Ulbricht, serving two life sentences for his role in creating the Silk Road marketplace, marked the start of his 12th year in prison.

Bitcoin’s price is experiencing a modest decline following news of the U.S. government transferring 3,940 BTC to Coinbase Prime.

The analytics platform outlined increased interest in BTC related to Silk Road.

Another ~2000 BTC have moved from the government’s coffers to Coinbase.

This lot of BTC was only confiscated last year.

The $5-billion estimation is based on three major seizures linked to the Bitfinex hack and Silk Road, meaning the actual holdings could be much larger.

Ross Ulbricht the founder of the first “modern darknet market” has reached the 10-year mark of his double life sentence in prison after having his laptop seized by the FBI in 2013.

The notion that BlackRock gains from cheaper Bitcoin for its ETF launch isn‘t straightforward, neither is the government‘s suppression of BTC price.

US Government Moves $300 Million Worth of Silk Road Bitcoin – What‘s Going On?

The government previously promised to liquidate approximately 40,000 remaining BTC from the seizure in “four more batches” over the remainder of the calendar year.