Silkroad Seized Coins

http://en.wikipedia.org/wiki/Silk_Road_(marketplace)

undefined

Silkroad Seized Coins refers to the Bitcoin assets seized by U.S. authorities in connection with the Silk Road darknet marketplace. In November 2021, law enforcement seized approximately 50,676.1785 BTC from James Zhong’s residence, valued at about $3.36 billion at the time the coins were recovered in 2022. Zhong subsequently pleaded guilty to wire fraud in November 2022. In March 2023, the government sold a portion of the seized Bitcoin, netting hundreds of millions of dollars in proceeds. (justice.gov)