Silk Road-Related BTC Assets Seized by US Officials Now Worth $719 Million

According to BlockBeats, the value of Bitcoin (BTC) assets related to the dark web marketplace Silk Road, which were seized by US officials on March 14 last year, has now reached $719 million. Previously, BlockBeats reported that US officials had begun processing BTC assets associated with Silk Road founder Ross William Ulbricht, totaling 51,351.89 BTC. As of March 14 this year, 9,861.17 BTC had been sold, amounting to approximately $215,738,154. After deducting transaction fees, the net proceeds were $215,522,416. The Silk Road was an infamous online marketplace that operated on the dark web, allowing users to buy and sell illegal goods and services using cryptocurrencies. The platform was shut down by the FBI in 2013, and its founder, Ross Ulbricht, was arrested and later sentenced to life in prison without the possibility of parole. The seized BTC assets are a result of the ongoing efforts by US authorities to dismantle the remnants of the Silk Road and recover the proceeds from its illegal activities.

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