Bitcoin is the only currency allowed to be used on Silk Road, which the authorities claim is used for criminal transactions including drug and gun trafficking as well as money laundering.
US Attorney David Anderson said: “Silk Road is the most infamous online crime market of its day. “The successful prosecution of the founder of Silk Road in 2015 left a question worth billions of dollars. Where did this money go? The foreclosure lawsuit today answered this open question, at least part. $ 1 billion of the proceeds from this crime is now in the possession of the United States. “
The filing said Ulbricht was aware of Person X’s online identity and threatened Person X, demanding the return of the cryptocurrency as soon as the money was stolen. Personally X did not return the cryptocurrency but kept it and did not spend it. Person X agreed to the fund foreclosure on Tuesday, according to the filing.