What is unclear about this bitcoin that it is called illegal?
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Anh_ba_Cong - COLE
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U.S. Authorized to Liquidate 69,370 Seized Bitcoin from Silk Road, Valued at $6.5 Billion
The Northern District Court #California has just passed a ruling allowing the U.S. government to sell the largest amount of seized Bitcoin to date, marking the end of a four-year legal battle related to Silk Road, the notorious dark web marketplace.
Historic Ruling on Seized Bitcoin
Judge Richard Seeborg, known for high-profile cases, rejected the request to halt the seizure of 69,370 Bitcoin, paving the way for the U.S. Department of Justice #DOJ to proceed with the liquidation of these assets valued at $6.5 billion. However, the liquidation will not happen immediately due to the federal asset seizure process requiring many administrative steps and potential appeals.
Historic Ruling on Seized Bitcoin
Judge Richard Seeborg, known for high-profile cases, rejected the request to halt the seizure of 69,370 Bitcoin, paving the way for the U.S. Department of Justice #DOJ to proceed with the liquidation of these assets valued at $6.5 billion. However, the liquidation will not happen immediately due to the federal asset seizure process requiring many administrative steps and potential appeals.
