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sentover 50,000 BTC, valued at $3.4 billion, from the illicit Silk Road marketplace. Approximately five months later, officials sold 9,861 BTC for over $215 million. By July 2023, an additional 9,000+ BTC werein court that the U.S. government had seized a total of 69,370 BTC and other cryptocurrencies linked to the Silk Road dark web marketplace. The mostThe US Government just moved 3,940 BTC to Coinbase Prime.
As part of his judgment, Singh was forced to surrender over 8,100 BTC, valued at around $150 million at the time, marking the largest cryptocurrency seizure by the U.S. Drug Enforcement Agency .Coinbase Prime, the platform used for this latest transaction, has become the preferred vehicle for government liquidations. However, Coinbase itself has faced regulatory scrutiny.
Coinbase has denied these allegations and is contesting them in court, arguing that the SEC has failed to provide clear regulations and registration processes for crypto businesses. Silk Road, a dark web marketplace created by Ross Ulbricht in 2011, remains a significant part of the history of Bitcoin and darknet markets. The Federal Bureau of Investigation Best Cardano Wallets in 2024 – Top 6 Options ReviewedWhat is Notcoin ? The Viral Token Coming to The Open NetworkSign-up FREE to receive our extended weekly market update and coin analysis report
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