Department of Justice Seizes $1 Billion in Crypt Coins Recently Moved from a Silk Road Wallet

The move follows the Justice Department’s widespread offensive on cryptomonies.

In a request Wednesday, the Justice Department asked to seize $1 billion from an unnamed hacker.

Specifically, the Justice Department is asking the Northern District Court of California to seize: „Approximately 69,370,22491543 Bitcoin (BTC), Bitcoin Gold (BTG), Bitcoin SV (BSV), Bitcoin Cash (BCH), obtained from the wallet: 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbh.

The court document did not identify the person behind the wallet, but referred to it as „Individual X“, but claims that they managed to hack into Silk Road and steal the crypt coins, much to Ross Ulbricht’s chagrin. The hacker apparently already agreed to hand over the funds on Monday, which is probably why those funds changed hands for the first time in five years this week.

The value of those funds today makes this the largest crypto currency Immediate Bitcoin seizure in history

The DoJ has become much more active on cryptology in the last month. In early October, the agency published its framework for implementing the law on cryptomonies, which some called a harbinger of a major crackdown.

In the meantime, the Department of Justice has benefited considerably by auctioning off the confiscated cryptomonies.

The Department of Justice did not respond to Cointelegraph’s request for comments by the time of this publication.

This story is breaking news and will be subject to updates.

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