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  • The US government seized $1 billion in bitcoin from dark web marketplace Silk Road

    11/09/2020 9:49:04 AM PST · by BenLurkin · 13 replies
    The Verge ^ | Nov 6, 2020, 5:59am EST | James Vincent
    Earlier this week, the bitcoin community was shocked when a digital wallet containing roughly $1 billion in bitcoin...was emptied by an unknown individual. The Department of Justice announced on Thursday that it had seized the wallet’s contents as part of a civil forfeiture case targeting the Silk Road. The government said it retrieved the roughly 70,000 bitcoins with the help of an unnamed hacker, whose identity is known to the government but who is simply referred to as “Individual X” in court documents. “Individual X” allegedly hacked the Silk Road’s payments system some time in 2012 or 2013. The government...