DOJ Authorized to Sell 69,370 Bitcoins Seized from Silk Road Worth $6.5 Billion

Jan 9, 2025, 02:29 AM

The U.S. Department of Justice (DOJ) has been authorized by a federal judge to sell 69,370 bitcoins, valued at approximately $6.5 billion, that were seized from the Silk Road darknet marketplace. The ruling was made on December 30, granting the DOJ permission to liquidate the assets. The DOJ has not yet released details on the timing or method of the sale. The disposal of such a significant amount of bitcoin could potentially impact the cryptocurrency market.