Seized $3.5 Million worth Bitcoins from Silk Road will be - TopicsExpress

Seized $3.5 Million worth Bitcoins from Silk Road will be deposited in the U.S. Treasury !!! Ross Ulbricht, the recently arrested mastermind behind Silk Road, appeared in court yesterday. As the Protective Order states, The United States is further authorized to seize any and all Bitcoins contained in wallet files residing on silk road servers and can transfer the full account balance in each silk road wallet to a public Bitcoin address controlled by the United States. Right now the FBI must be feeling pretty good too, because a federally controlled Bitcoin account , renamed as "Silkroad Seized Coins" now contains over $3.5 million worth of the digital currency, seized from Silk Road over 26,000 Bitcoins. As of this writing, the FBI’s Bitcoin address has received 122 transactions. The spokesperson says the approximately 26,000 Bitcoins seized are just the ones that were held in Silk Road accounts and FBI has not been able to get to Ulbricht’s personal Bitcoin yet.

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