Cryptocurrencies
Silk Road Bitcoins Worth Over $1 Billion Are Target of U.S.
- Justice Department seeks forfeiture of funds it seized Tuesday
- It’s the biggest cryptocurrency bust the government has made
Photographer: Philippe Lopez/AFP/Getty Images
This article is for subscribers only.
The U.S. is suing for the forfeiture of more than $1 billion in Bitcoins it says are linked to the criminal marketplace Silk Road it shut down seven years ago.
The thousands of Bitcoins, which the Justice Department seized on Tuesday, represent the largest cryptocurrency bust the government has ever made, it said in a statement on Thursday.