CandleFocus Supreme Court won’t stop sale of 69,370 Silk Road bitcoins
2024-10-07
Author: Content Editor
The US Supreme Court has declined to hear an appeal regarding 69,370 bitcoins associated with the Silk Road, a dark web marketplace. This means that a previous ruling from the US District Court in California will likely stand, which ordered the US government to dispose of the seized bitcoins. Battle Born Investments, which claims to own the bitcoins stolen from Silk Road by 'Individual X,' had appealed to be recognized as the innocent owner of the bitcoin, but the Supreme Court's decision means the forfeiture order will likely prevail. This paves the way for the sale of $4.4 billion worth of bitcoin by the US government, pending further legal procedures.
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