Bitcoin – Silk Highway Bitcoin Seizure: Analytics Agency Claims Tokens Value Hundreds of thousands Nonetheless Excellent

Analytics agency Coinfirm says the US Division of Justice (DOJ)’s seizure of digital belongings related to the now-defunct Silk Highway left behind tokens worth thousands and thousands of {dollars}. In line with Coinfirm, there are nonetheless priceless balances held on forked addresses originating from that pockets.

On November 5, the DOJ introduced {that a} hacker often known as Particular person X had cooperated with legislation enforcement and agreed to relinquish management of over $1 billion worth of bitcoins. On the time of the seizure of the 69,370 BTC, 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 “government seemingly overlooked and left it in the hands of whoever has access to the private keys of the main wallet.” Whereas Coinfirm is claiming that funds worth thousands and thousands of {dollars} are nonetheless excellent, the agency has to date solely launched info on tokens whose whole value doesn’t exceed $1 million.

In line with the investigation, the next digital belongings have been left behind by the DOJ:

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

After cooperating with US authorities “Individual X walked away from the incident without facing any criminal charges” in response to Coinfirm. It stays to be seen if this newest revelation (if confirmed true) goes to lead to 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 may have unknowingly left substantial funds accessible to suspects as an alternative of correctly accounting for and seizing these belongings.

Do you agree with Coinfirm that the DOJ left tokens worth thousands and thousands of {dollars} after the Silk Highway seizure? Inform us what you assume within the feedback part under.

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