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Justice Department seizes $1 billion in recently moved Silk Road crypto

Justice Department seizes $1 billion in recently moved Silk Road crypto

In a submitting on Thursday, the US Division of  Justice requested to grab $1 billion from an unnamed hacker.

Particularly, the DoJ is asking the court docket of the Northern District of California to lock down on “roughly 69,370.22491543 Bitcoin (BTC), Bitcoin Gold (BTG), Bitcoin SV (BSV), Bitcoin Money (BCH), obtained from 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbh.”

The court docket doc didn’t establish the individual behind the pockets, as an alternative referring to them as “Particular person X,” but it surely does allege that they managed to hack Silk Highway and steal the crypto, a lot to the chagrin of Ross Ulbricht. The hacker apparently already agreed to signal over the funds as of Monday, which is probably going why these funds modified fingers for the primary time in 5 years this week.

The worth of these funds at present makes this the most important crypto seizure in historical past.

The DoJ has gotten far more energetic in crypto previously month. Firstly of October, the company launched its framework for crypto enforcement, which some have referred to as a harbinger of a significant crackdown.