In March, U.S. authorities liquidated 9,800 BTC for approximately $216 million. The government also revealed plans to sell off 41,490 BTC in four tranches during 2023.
Silk Road forfeited over 51,000 Bitcoins to the U.S. government after creator Ross William Ulbricht was sentenced to life in prison after his arrest in 2013. The dark web marketplace operated for over two years and allowed users to pay for narcotics, money laundering services, and other illegal operations using BTC.
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