DOJ Authorized to Sell $6.5 Billion in Bitcoin Seized from Silk Road
- The US Department of Justice (DOJ) is set to sell 69,370 Bitcoin seized from the Silk Road marketplace.
- The Bitcoin is valued at approximately $6.5 billion.
- A federal judge approved the DOJ’s request on December 30.
- Battle Born Investments opposed the sale but was unsuccessful in blocking it.
- The US Marshals Service will manage the liquidation process.
The DOJ has received judicial approval to liquidate around $6.5 billion worth of Bitcoin seized from Silk Road, despite opposition from Battle Born Investments. The sale will be managed by the US Marshals Service, marking one of the largest crypto asset liquidations in history.
