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Silk Road Bitcoin Seizure: Analytics Firm Claims Tokens Worth Millions Still Outstanding

Analytics agency Coinfirm says the US Division of Justice (DOJ)’s seizure of digital belongings related to the now-defunct Silk Road left behind tokens value hundreds of thousands of . In line with Coinfirm, there are nonetheless useful balances held on forked addresses originating from that pockets.

On November 5, the DOJ introduced hacker often called Particular person X had cooperated with legislation enforcement and agreed to relinquish management of over $1 billion value of bitcoins. On the time of the seizure of the 69,370 BTC, information.Bitcoin.com reported the DOJ confirming that 1HQ3-the deal with that was managed by Particular person X additionally contained roughly 69,370 BCH, BTG, and BSV.

Nonetheless, in its replace following “a self-funded investigation”, the analytics agency says the US “authorities seemingly neglected and left it within the palms of whoever has entry to the personal keys of the primary pockets.” Whereas Coinfirm is claiming that funds value hundreds of thousands of are nonetheless excellent, the agency has thus far solely launched data on tokens whose whole worth doesn’t exceed $1 million.

In line with the investigation, the next digital belongings had been left behind by the DOJ:

  • 693701 Bitcoin Diamond (“BCD”), which is presently value roughly 310,000 USD.
  • 69370 Tremendous Bitcoin (“SBTC”), which is presently value roughly 66,000 USD.
  • 69370.11453606 Bitcoin Non-public (“BTCP”), which is presently value roughly 11,000 USD.

After cooperating with US authorities “Particular person X walked away from the incident with out dealing with any prison fees” in response to Coinfirm. It stays to be seen if this newest revelation (if confirmed true) goes to end in adjustments to Particular person X’s deal.

In the meantime, Coinfirm claims that its cryptographic tracing efforts have recognized dozens of circumstances through which legislation enforcement authorities could have unknowingly left substantial funds accessible to suspects as a substitute of correctly accounting for and seizing these belongings.

Do you agree with Coinfirm that the DOJ left tokens value hundreds of thousands of after the Silk Road seizure? Inform us what you suppose within the feedback part beneath.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

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