page contents Silk Road Bitcoin Seizure: Analytics Firm Claims Tokens Worth Millions Still Outstanding – The News Headline

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

Analytics company Coinfirm says the USA Division of Justice (DOJ)’s seizure of virtual belongings related to the now-defunct Silk Street left at the back of tokens price thousands and thousands of bucks. In line with Coinfirm, there are nonetheless treasured balances hung on forked addresses originating from that pockets.

On November five, the DOJ introduced that a hacker referred to as Particular person X had cooperated with regulation enforcement and agreed to relinquish regulate of over $1 billion price of bitcoins. On the time of the seizure of the 69,370 BTC, information.Bitcoin.com reported the DOJ confirming that 1HQ3-the deal with that was once managed via Particular person X additionally contained roughly 69,370 BCH, BTG, and BSV.

Then again, in its replace following “a self-funded investigation”, the analytics company says the USA “executive reputedly overpassed and left it within the palms of whoever has get right of entry to to the personal keys of the principle pockets.” Whilst Coinfirm is claiming that price range price thousands and thousands of bucks are nonetheless remarkable, the company has thus far simplest launched knowledge on tokens whose overall price does now not exceed $1 million.

In line with the investigation, the next virtual belongings had been left at the back of via the DOJ:

  • 693701 Bitcoin Diamond (“BCD”), which is right now price roughly 310,000 USD.
  • 69370 Tremendous Bitcoin (“SBTC”), which is right now price roughly 66,000 USD.
  • 69370.11453606 Bitcoin Personal (“BTCP”), which is right now price roughly 11,000 USD.

After cooperating with US government “Particular person X walked clear of the incident with out dealing with any prison fees” in keeping with Coinfirm. It continues to be observed if this newest revelation (if showed true) goes to lead to adjustments to Particular person X’s deal.

In the meantime, Coinfirm claims that its cryptographic tracing efforts have recognized dozens of circumstances wherein regulation enforcement government will have unknowingly left considerable price range available to suspects as a substitute of correctly accounting for and seizing the ones belongings.

Do you trust Coinfirm that the DOJ left tokens price thousands and thousands of bucks after the Silk Street seizure? Let us know what you suppose within the feedback segment beneath.

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