United States to confiscate millions in Silk Road Bitcoins

The U.s. government has for 20 million euro to Bitcoins, which it seized at the Silk Road marketplace, has been confiscated. The Bitcoins for example, can now be auctioned, but it is unclear whether that is happening.

In total, about 29.655 Bitcoin, writes the U.s. department of justice. According to the current daily exchange rate is that almost 20 million euro. The Bitcoins were seized when the reeling of the Silk Road marketplace last autumn, but have now been confiscated. It is the legal ownership of the Bitcoins transferred from Silk Road to the U.s. government. The US can Bitcoins now auction, but it is not yet clear if that happens. The one-time auction of such a large amount of Bitcoins the exchange rate significantly influence.

The U.s. government emphasized that the Bitcoins were not seized because Bitcoins are, but because the income from illegal activities would be. The government has also 144.336 Bitcoin seized that of the administrator of the marketplace, Ross Ulbricht, would be. That comes down to be converted to eur 96 million. It is still unclear whether those Bitcoins will also be confiscated.

The marketplace was in september and rolled up. Silk Road, that only via the Tor-network to access, let users more to purchase items which in many countries are prohibited, such as drugs. The administrator of Silk Road, is suspected of conspiring to drug sales, conspiracy to hacking and conspiracy to launder money.