U.S. government sells 9,861 BTC seized from James Zhong / Silk Road case
A government filing later disclosed that authorities sold 9,861.1707894 BTC on March 14 for about $215.7 million after fees. The bitcoin came from the James Zhong case, which traced back to Zhong's theft from the Silk Road marketplace in 2012.
A government filing later disclosed that authorities sold 9,861.1707894 BTC on March 14 for about $215.7 million after fees. The bitcoin came from the James Zhong case, which traced back to Zhong's theft from the Silk Road marketplace in 2012.
The practical Bitcoin channel was direct sale of seized BTC. The measure or case operated through law, licensing, custody, trading, or compliance rather than changing Bitcoin's protocol; where allegations or proposals were involved, they remained allegations or proposals at this stage.
The Bitcoin connection ran through sale of seized BTC. Large government Bitcoin disposition tied directly to one of Bitcoin's historically important criminal-property cases.