A clear decision has been reached regarding thousands of Bitcoins (BTC) belonging to Silk Road seized by the USA.
US Court of Appeals, from Silk Road seized 69,470 Bitcoins and other cryptocurrencies He approved the decision to confiscate it by the US government. In the file submitted by the court, Bitcoin, Bitcoin Gold (BTG), Bitcoin SV (BSV) And From Bitcoin Cash (BCH) It was stated that it was formed.
The decision regarding the seizure of Bitcoin assets by the USA was first made August It was issued in 2018, but will now take effect, according to updated information from the Ninth Circuit U.S. Circuit Court of Appeals:
The court’s decision on August 18, 2023 will now come into force.
Silk Road 2011-2013 years It was a website used for the sale of drugs, weapons and other illegal products. Founder of the site Ross UlbrichtFor the crimes he committed in 2015 life imprisonment He was sentenced.
The US government stated that the Bitcoins seized from Silk Road were used for illegal activities and requested that they be confiscated.
Ulbricht opposes the seizure of Bitcoins by the USA to the clean court He applied but his application was rejected. Aforementioned
It is thought that the appeal court’s decision may negatively affect the cryptocurrency market. The USA had previously moved Bitcoins seized from the dark net site Silk Road, and this situation Negative on Bitcoin price had made an impact.
On-chain analytics platform CryptoQuant He had previously announced 4 critical dates in 2023 on which the US government may put sales pressure on Bitcoin. CryptoQuant these dates May 26, 7 August, 19 October And 30 December 2023 He stated that it was. The USA will use Bitcoin once again before the end of 2023 possibility of making a sale It still exists.