US Supreme Court knocks back case over $4.4B Silk Road Bitcoin
The top court in the US won’t hear Battle Born Investments’ case claiming it purchased rights to 69,370 Bitcoin seized by the US from the online black market Silk Road.
The United States Supreme Court declined to take on a case concerning the ownership of 69,370 Bitcoin — worth $4.38 billion — that the US government seized from the dark web marketplace Silk Road.
The request for review was brought by Battle Born Investments, a company that claimed it had purchased rights to the seized Bitcoin (BTC) through a bankruptcy estate.
The Supreme Court’s refusal to hear the case could clear the US government to sell the stack of Bitcoin.
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Author: Brayden Lindrea
