Tags: The 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.