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US to pay Ross Ulbricht’s debt with $2.7 billion bitcoin

US authorities will use the seized 69,370 BTC (~$2.75 billion) to pay off the $183 million debt owed to the government by Ross Ulbricht, the founder of the Silk Road darknet market.

In April 2013, a hacker stole 69,370 BTC while breaking into an illegal platform. In November 2020, US law enforcement confiscated Bitcoins. Ulbricht refused to claim them.

The date of the auction for the sale of the seized crypto assets was not specified.

In 2015, a court found Ulbricht guilty of operating the Silk Road darknet marketplace and other crimes, including drug trafficking and money laundering conspiracy. He was sentenced to life imprisonment.

Recall that in 2021, Elon Musk called Ulbricht’s sentence exaggerated. According to him, the reasons for the punishment “definitely existed, but the punishment seems excessive.”

Source: Fork Log



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