In a definitive chapter for the infamous Silk Road online black market, a U.S. Court of Appeals finalized the forfeiture of approximately 69,370 Bitcoin (CRYPTO: BTC) and other cryptocurrencies such as Bitcoin Gold (CRYPTO: BTG) Bitcoin SV (CRYPTO: BSV) and Bitcoin Cash (CRYPTO: BCH) valued at more than $3.4 billion.
This ruling, which finalized an Aug. 18, 2023 judgment, stands as the official conclusion to a legal saga that began with the 2013 arrest of Silk Road founder Ross Ulbricht, alias "Dread Pirate Roberts."
Ulbricht's Silk Road, operational from 2011 to 2013, functioned as a hidden marketplace accessible only through the anonymizing Tor network.
It facilitated the ...