Feds Free to ‘Liquidate’ Seized Silk Road Bitcoins Worth $25 Million

Forbes‘ Kashmir Hill, however, conjectures that the likeliest outcome for the Bitcoins will be sale at auction, as is common with other forfeited goods.

The FBI is also in control of the Bitcoin wallet belonging to Ross Ulbricht, the alleged mastermind behind Silk Road, which contains more than 144,000 Bitcoins. The wallet was found on his laptop. These won’t be touched for now, as Ulbricht, who’s accused of being Silk Road’s administrator, has filed a claim to stop the forefiture of those Bitcoins, asserting ownership of the large wallet.

“Those are still contested,” the spokesperson said.

Article Appeared @http://mashable.com/2014/01/16/feds-silk-road-bitcoins-25-million/

 

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