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US Marshals likely selling Silk Road Bitcoin, says lawyer

The lawyer’s claims spark questions about market stability amid the potential sale of Silk Road Bitcoin by the US Marshals.

United States finance lawyer Scott Johnsson has said the US Marshals Service (USMS) is almost certainly in the process of selling Bitcoin seized from the infamous Silk Road marketplace. 

Johnsson’s assertions are grounded in a service agreement signed between the USMS and Coinbase in June. According to Johnsson, this agreement indicates that once Bitcoin (BTC) reaches Coinbase Prime, it is a clear sign that the USMS has either sold or is about to sell these assets. 

Johnsson explained that the USMS has been sending Bitcoin to a custodial address in accordance with the agreement’s terms.

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German Authorities Announce Bitcoin Sale Completion, Net €2.6 Billion

German Authorities Announce Bitcoin Sale Completion, Net €2.6 BillionGerman authorities have announced the completion of an emergency sale of nearly 50,000 bitcoins, raising about 2.6 billion euros. They explained that this sale was mandated to avoid a potential value decline due to the crypto’s price volatility. The funds are now secured for criminal proceedings at the Leipzig Regional Court. 2.64 Billion Euros Raised […]

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US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker

US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road HackerAccording to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this calendar year.” U.S. Government Discloses Strategy for Selling Confiscated Bitcoin The U.S. government, one of the […]

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