Yesterday, a lawsuit was filed by the US Department of Justice to confiscate bitcoin that had been seized by the FBI employees.

The cryptocurrency allegedly belongs to the “Silk Road” store that was active on the dark web.

The US Department of Justice and the confiscation of one billion dollars worth of Bitcoin:

According to a report published by Bloomberg Recently, it was stated that the US Department of Justice wanted immediate confiscation of $1 billion of the “Silk Road” store seized by the FBI.

This expropriation is one of the largest so far in the history of the United States of America.

Read:After Inflation Data Released…Bitcoin Price Falls 10% and Increases Correlations with the S&P 500

We have been reporting on Bitcoin Arabs in the past couple of days about the movement of a Bitcoin wallet containing $1 billion worth:

Who is behind the transfer and offloading of 1 billion dollars worth of the fourth largest Bitcoin wallet?

To come to light some additional details revealed by Bloomberg that law enforcement officials auctioned confiscated cryptocurrencies.

reveal The lawsuit document filed by the US Department of Justice states that besides bitcoins, the most notable cryptocurrencies seized were:

Bitcoin Cash, Bitcoin Gold, Bitcoin SV.

As for their value and number, according to the same lawsuit, they are as follows:

• 69370 Bitcoin.
• 69370 Bitcoin Gold.
• 69370 Bitcoin Cash.
• 69370 Bitcoin SV.

That is, they are in equal quantities.

According to the “Elliptic” website, an insider affiliated with the “Silk Road” store started the deal, with the possibility of “Ulbricht” himself participating in the Bitcoin deal and dealing with the fourth largest wallet.

But the official “lawsuit” says otherwise.

The document identifies the person as “Individual X” and claims that the identity of the originator of the transaction is known only to the government.

Read:Three reasons behind the record rise of the digital currency AVAX by 800% in two months!

According to the investigation, “Individual X” managed to hack the “Silk Road” store and gain unauthorized and illegal access to the Silk Road and thus steal the illegal cryptocurrencies from the “Silk Road” store and transfer them to wallets controlled by “Individual X”.

The complaint also alleges that Ulbricht recognized who Individual X was and threatened and told him to return the stolen bitcoin.

Read:Government’s “Chivo” Bitcoin Wallet Destined for Salvadorans Under Attack

But to Ulbricht’s dismay, this person did not hand over Bitcoin.

Additionally on November 3, 2020, individual “X” signed an approval and forfeiture agreement with the US Attorney’s Office in the Northern District of California.

In that agreement, “Individual X” agreed to forfeit the defendant’s property to the United States government.

what is happening now ?

The United States has ordered the complete confiscation of all seized bitcoins.

The parties concerned, Ross Ulbricht and the other operators of the Silk Road store, will have an opportunity to defend themselves in light of the new circumstances.

Read also:

$5.5 billion worth of Bitcoin still missing from the infamous “Silk Road” store

Moves $3.5 million worth of stolen cryptocurrency from KuCoin منصة