Silk Road Bitcoin Seizure: Analytics Firm Claims Tokens Worth Millions Still Outstanding

Analytics agency Coinfirm says the US Division of Justice (DOJ)’s seizure of digital property related to the now-defunct Silk Road left behind tokens value tens of millions of . In line with Coinfirm, there are nonetheless beneficial balances held on forked addresses originating from that pockets.

On November 5, the DOJ introduced hacker often called Particular person X had cooperated with legislation enforcement and agreed to relinquish management of over $1 billion value of bitcoins. On the time of the seizure of the 69,370 BTC, information.Bitcoin.com reported the DOJ confirming that 1HQ3-the handle that was managed by Particular person X additionally contained roughly 69,370 BCH, BTG, and BSV.

Nevertheless, in its replace following “a self-funded investigation”, the analytics agency says the US “authorities seemingly missed and left it within the palms of whoever has entry to the personal keys of the primary pockets.” Whereas Coinfirm is claiming that funds value tens of millions of are nonetheless excellent, the agency has to date solely launched data on tokens whose complete worth doesn’t exceed $1 million.

In line with the investigation, the next digital property had been left behind by the DOJ:

  • 693701 Bitcoin Diamond (“BCD”), which is presently value roughly 310,000 USD.
  • 69370 Tremendous Bitcoin (“SBTC”), which is presently value roughly 66,000 USD.
  • 69370.11453606 Bitcoin Non-public (“BTCP”), which is presently value roughly 11,000 USD.

After cooperating with US authorities “Particular person X walked away from the incident with out dealing with any prison prices” in response to Coinfirm. It stays to be seen if this newest revelation (if confirmed true) goes to end in modifications to Particular person X’s deal.

In the meantime, Coinfirm claims that its cryptographic tracing efforts have recognized dozens of circumstances by which legislation enforcement authorities might have unknowingly left substantial funds accessible to suspects as a substitute of correctly accounting for and seizing these property.

Do you agree with Coinfirm that the DOJ left tokens value tens of millions of after the Silk Road seizure? Inform us what you assume within the feedback part beneath.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

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