U.S. to Auction $130M in Bitcoin from Silk Road Seizure

January 26th, 2024
The U.S. government is set to auction over $130 million worth of Bitcoin, seized from Silk Road illicit activities. This move follows the conviction of Ryan Farace and Sean Bridges, involved in a significant digital currency laundering scheme linked to drug trafficking. The auction highlights the government's crackdown on cybercrime, marking a significant moment in the intersection of law enforcement and cryptocurrency.
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