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


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Analytics agency Coinfirm says the US Department of Justice (DOJ)’s seizure of digital property related to the now-defunct Silk Road left behind tokens value hundreds of thousands of {dollars}. According to Coinfirm, there are nonetheless precious balances held on forked addresses originating from that pockets.

On November 5, the DOJ introduced {that a} hacker referred to as Individual X had cooperated with regulation enforcement and agreed to relinquish management of over $1 billion value of bitcoins. At the time of the seizure of the 69,370 BTC, information.Bitcoin.com reported the DOJ confirming that 1HQ3-the deal with that was managed by Individual X additionally contained roughly 69,370 BCH, BTG, and BSV.

However, 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.” While Coinfirm is claiming that funds value hundreds of thousands of {dollars} are nonetheless excellent, the agency has up to now solely launched data on tokens whose complete worth doesn’t exceed $1 million.

According to 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 Super Bitcoin (“SBTC”), which is presently value roughly 66,000 USD.
  • 69370.11453606 Bitcoin Private (“BTCP”), which is presently value roughly 11,000 USD.

After cooperating with US authorities “Individual X walked away from the incident without facing any criminal charges” based on Coinfirm. It stays to be seen if this newest revelation (if confirmed true) goes to lead to modifications to Individual X’s deal.

Meanwhile, Coinfirm claims that its cryptographic tracing efforts have recognized dozens of circumstances by which regulation enforcement authorities could 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 hundreds of thousands of {dollars} after the Silk Road seizure? Tell us what you suppose within the feedback part beneath.

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