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The Justice Department seized $ 1 billion in Bitcoin tied to the Silk Road website



US Department of Justice officials seized more than $ 1 billion in bitcoin and other digital currencies this week in connection with the Silk Road online drug market, the largest crypto seizure in history of this agency.

The 69,000 confiscated bitcoins once belonged to Silk Road founder Ross Ulbricht, the Justice Department said in a statement on Thursday. Mr. Ulbricht was convicted of drug distribution and money laundering in 2015 and was sentenced to life in prison.

The …


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