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Silk Road Bitcoin Seizure: Analytics Firm Claims Tokens Worth Millions Still Outstanding

Silk Road Bitcoin Seizure: Analytics Firm Claims Tokens Worth Millions Still Outstanding

Analytics agency Coinfirm says the US Department of Justice (DOJ)’s seizure of digital belongings related to the now-defunct Silk Road left behind tokens price thousands and thousands of {dollars}. According to Coinfirm, there are nonetheless useful balances held on forked addresses originating from that pockets.

On November 5, the DOJ introduced {that a} hacker often called Individual X had cooperated with regulation enforcement and agreed to relinquish management of over $1 billion price of bitcoins. At the time of the seizure of the 69,370 BTC, information.Bitcoin.com reported the DOJ confirming that 1HQ3-the handle that was managed by Individual X additionally contained roughly 69,370 BCH, BTG, and BSV.

However, in its replace following “a self-funded investigation”, the analytics agency says the US “authorities seemingly missed and left it within the fingers of whoever has entry to the non-public keys of the principle pockets.” While Coinfirm is claiming that funds price thousands and thousands of {dollars} are nonetheless excellent, the agency has thus far solely launched data on tokens whose complete worth doesn’t exceed $1 million.

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According to the investigation, the next digital belongings have been left behind by the DOJ:

  • 693701 Bitcoin Diamond (“BCD”), which is presently price roughly 310,000 USD.
  • 69370 Super Bitcoin (“SBTC”), which is presently price roughly 66,000 USD.
  • 69370.11453606 Bitcoin Private (“BTCP”), which is presently price roughly 11,000 USD.

After cooperating with US authorities “Individual X walked away from the incident with out going through any prison fees” in response to Coinfirm. It stays to be seen if this newest revelation (if confirmed true) goes to lead to modifications to Individual X’s deal.

Meanwhile, Coinfirm claims that its cryptographic tracing efforts have recognized dozens of instances during which regulation enforcement authorities could have unknowingly left substantial funds accessible to suspects as an alternative of correctly accounting for and seizing these belongings.

Do you agree with Coinfirm that the DOJ left tokens price thousands and thousands of {dollars} after the Silk Road seizure? Tell us what you assume within the feedback part under.

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The submit Silk Road Bitcoin Seizure: Analytics Firm Claims Tokens Worth Millions Still Outstanding appeared first on Bitcoin News.

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