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Supreme Court paves way for sale of $4.38 billion in Silk Road bitcoin
The U.S. Supreme Court declined to hear a case about the ownership of 69,370 Bitcoin, worth roughly $4.38 billion, that was seized from the Silk Road dark web marketplace. Battle Born Investments, a company claiming rights to the seized Bitcoin through a bankruptcy estate, had requested the review. With the Supreme Court’s decision, the U.S. government may proceed with its plan to sell the Bitcoin. This follows earlier rulings from a district court in 2022 and an appellate court in 2023, both of which found that Battle Born did not have a valid claim to the Bitcoin seized after Silk Road’s closure in 2013. The ... (full story)
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- Posted: Oct 9, 2024 9:44am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 206
