The US Seizes $1bn in Bitcoin from Silk Road Site – Start Online Business

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As reported in an article published in The Guardian on Friday, November 6, 2020, the Government of the United States of America has seized Bitcoin linked to the Silk Road site, the Shuttered Darknet Marketplace worth over one billion dollars, and has demanded the formal confiscation of the funds.

This is the largest cryptocurrency seizure in history, and we now know a lot about why Bitcoin is changing hands. According to analysts and experts, they exclaimed that the public blockchain transfer and speculation is because of attempts by the Silk Road co-conspirators to collect or collect funds from hackers.

Facts

In fact, the authorities and the justice department have located the true owner of the asset, who is named or called “Individual X”. So many times these attempts were made. In April 2015 they tried to settle a small amount of money, and a bitcoin account sent 101 BTC to a company that provides crypto services and operates without a license and (BTC-e) according to a criminal complaint.

According to David Anderson, the US attorney, “Silk Road is the most notorious market for criminals online today”, no one knows where the money is going. Silk Road prosecutor asks a multi-billion dollar question. Now these billion dollars are in the possession of the United States.

Government authorities did not know about Mr. “Individual X” is not correct. The authorities know of him, he did not work for Silk Road, he may be a hacker. Because it’s possible for someone to hack into Silk Road and gain access and steal the currency from one exchange and move to another wallet that will be under the full control of Individual X.

As mentioned in the investigation, the founder of this site Ross Ulbricht, who is now in jail aware of the online identity of Individual X and is now threatening to return his currency back to his account. But X did not use or spend the currency but kept it safe with him according to the authorities.

The Washington DC cyber-crime cell specializes in tracking digital currency transacti

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