$BTC
The U.S. government has secured final approval in the Northern District Court of California to liquidate crypto's largest-ever federal seizure, signaling the closure of a complex four-year legal battle over billions in Bitcoin tied to the infamous Silk Road marketplace.
Chief U.S. District Judge Richard Seeborg denied a motion to block the forfeiture of 69,370 Bitcoin, clearing the Department of Justice to sell the $6.5 billion assets, according to a court document filed December 30.
Judge Seeborg is known for high-profile cases. He recently rejected arguments that Google, under Alphabet, adequately disclosed how it tracked user activity. The tech giant now faces a possible trial in August.
It's unclear why the document relating to the seized Bitcoin has surfaced this week. The DOJ has declined a request for comment.
The U.S. government has secured final approval in the Northern District Court of California to liquidate crypto's largest-ever federal seizure, signaling the closure of a complex four-year legal battle over billions in Bitcoin tied to the infamous Silk Road marketplace.
Chief U.S. District Judge Richard Seeborg denied a motion to block the forfeiture of 69,370 Bitcoin, clearing the Department of Justice to sell the $6.5 billion assets, according to a court document filed December 30.
Judge Seeborg is known for high-profile cases. He recently rejected arguments that Google, under Alphabet, adequately disclosed how it tracked user activity. The tech giant now faces a possible trial in August.
It's unclear why the document relating to the seized Bitcoin has surfaced this week. The DOJ has declined a request for comment.