The US Court of Appeals for the Ninth Circuit finalized the forfeiture of 69,370 BTC, Bitcoin gold, Bitcoin SV, and Bitcoin Cash, tied to the notorious Silk Road marketplace.
The mandate from the US Court of Appeals comes three years after authorities seized Bitcoin and other cryptocurrencies from the alleged hacker, Individual X.
US Court Finalizes Mandate
The judgment formalizing the forfeiture of the cryptocurrency was made in August but will only take effect now, according to a filing in the United States District Court of Appeals for the Ninth Circuit. The filing, made on Wednesday, names Silk Road founder Ross Ulbricht as a defendant, two claimants, and the United States government as a plaintiff.
The mandate comes after the seizure of the listed cryptocurrencies from an alleged hacker, Individual X, who signed a consent and agreement of forfeiture with the US Attorney’s Office of the Northern District of California on the 3rd of November, 2020.
Value Of Seized Crypto
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