DOJ Greenlit to Sell $6.5B in Seized Silk Road Bitcoin
2025-01-10
The US Department of Justice (DOJ) has received court approval to sell approximately 69,000 Bitcoin seized from the Silk Road darknet marketplace, currently valued at around $6.5 billion. This decision concludes a long-standing legal battle. Despite objections and attempts to block the sale by Battle Born Investments, the DOJ prevailed. Citing Bitcoin's price volatility, the DOJ argued for a swift sale to mitigate potential losses. The sale, managed by the US Marshals Service, will be one of the largest sales of seized cryptocurrency in history.