13 C
Kathmandu
Home News DOJ Seizes 1 Billion Dollar Worth of Bitcoin Linked to Silk Road

DOJ Seizes 1 Billion Dollar Worth of Bitcoin Linked to Silk Road

  • N/R
  • N/R

On Tuesday, it is reported that US Justice Department seized $1 Billion dollar worth of bitcoin. This is related to the 4th largest wallet of bitcoin which is moved recently after 2015.

When the coins were moved for the first time after 5 years, blockchain analysis firm Elliptic flagged the transaction linking to Silk Road operators. Then US authorities immediately confiscated this almost 69k bitcoins amounting $1 billion dollar. It is reported that DOJ seized this bitcoin from “unknown hacker” but it might be Ross Ulbricht himself, the founder of Silk Road in dark web.

Following this largest seize of bitcoin and US election ending within this week, bitcoin price jumped from 13k to 15k within 48 hours.

- Advertisement -
Krishna
Krishna is an initial CDT member of RECAP blockchain network; a crypto enthusiast who has worked on multiple startups since 2013.
- Advertisement -

Stay Connected

5,177FansLike
2FollowersFollow
15SubscribersSubscribe

Must Read

Framework For How Foundational Technologies Like Blockchain Take Hold To Gain Adaptation With Analogy To Nepali?

In this article lets know how the framework deveoped by two professors at Harvard Business School helps us to understand about the adaption of...
- Advertisement -

What is Non-Fungible Token?

For someone who isn't into tech, it might be difficult to explain about even some very simple thing like mobile phone.Although mobile phone isnot...

How to Write Successful Articles to Earn RECAP Coin?

RECAP Blockchain is integrating news articles into decentralization by rewarding cryptocurrency to writers based on consensus. If you write articles, news, contents and want...

Things Nepali People Should Consider As US Election Is Closing Soon & Bitcoin Is Soaring to $16,000

Bitcoin trading is still illegal in Nepal. It will certainly take longer time for Nepal Government to learn about blockchain as decision makers are...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related News

Framework For How Foundational Technologies Like Blockchain Take Hold To Gain Adaptation With Analogy To Nepali?

In this article lets know how the framework deveoped by two professors at Harvard Business School helps us to understand about the adaption of...

What is Non-Fungible Token?

For someone who isn't into tech, it might be difficult to explain about even some very simple thing like mobile phone.Although mobile phone isnot...

How to Write Successful Articles to Earn RECAP Coin?

RECAP Blockchain is integrating news articles into decentralization by rewarding cryptocurrency to writers based on consensus. If you write articles, news, contents and want...

Things Nepali People Should Consider As US Election Is Closing Soon & Bitcoin Is Soaring to $16,000

Bitcoin trading is still illegal in Nepal. It will certainly take longer time for Nepal Government to learn about blockchain as decision makers are...

DOJ Seizes 1 Billion Dollar Worth of Bitcoin Linked to Silk Road

On Tuesday, it is reported that US Justice Department seized $1 Billion dollar worth of bitcoin. This is related to the 4th largest wallet...
- Advertisement -