Supreme Court Allows U.S. Sale of 69,370 Seized Silk Road Bitcoins Worth $4.38 Billion

Oct 7, 2024, 09:37 PM

On October 7, 2024, the U.S. Supreme Court declined to hear a case involving the ownership of 69,370 Bitcoins seized from the defunct Silk Road marketplace, effectively clearing the way for the government to sell the assets valued at approximately $4.38 billion. The Bitcoins were seized in connection with the illicit activities of Silk Road, an online black market shut down in 2013. The decision removes legal obstacles, allowing the U.S. government to proceed with the sale.