The US Department of Justice (DOJ) has received court approval to sell approximately 69,370 Bitcoin seized in connection with the Silk Road darknet marketplace. This Bitcoin stash is currently valued at around $6.5 billion. The decision brings an end to a years-long legal dispute over the ownership of the BTC. The DOJ cited Bitcoin's price volatility as motivation for seeking a quick sale of the assets. The US government is expected to manage the liquidation process, making it one of the largest sales of seized crypto in history. The news briefly caused the market to fall, with Bitcoin dropping from $95,000 to $93,800 before stabilizing at around $94,300.



Other News from Today