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November 5, 2020Law & sovereign policyEnforcement actionsdocumented

U.S. announces seizure of over 69,000 BTC linked to Silk Road

The Justice Department filed a civil forfeiture complaint after taking control of bitcoin allegedly connected to the Silk Road marketplace.

The assets had been held for years by an individual identified in the complaint as Individual X. The case later became part of the federal government's large forfeited-bitcoin holdings.