Justice Department seizes $1 billion in recently moved Silk Road crypto
In a filing released on Wednesday, the United States Department of Justice asked to seize $1 billion worth of Bitcoin from an unnamed hacker. The DoJ is asking the court of the Northern District of California to seize "approximately 69,370.22491543 Bitcoin (BTC), Bitcoin Gold (BTG), Bitcoin SV (BSV), Bitcoin Cash (BCH), obtained from 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbh."
The legal document didn't identify the person behind the wallet, instead it referred to the unnamed hacker as "Individual X." The filing does allege that Individual X managed to hack Silk Road and steal much of the crypto held by the Silk Road operators such Ross Ulbricht. The hacker apparently already agreed to sign over the funds as of Monday, which is likely why those funds changed hands for the first time in five years this week. The value of those funds today makes this the largest crypto seizure in history.
