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Justice Department Seizes $1 Billion of Bitcoin Tied to Silk Road Website

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https://www.wsj.com/articles/justice-department-seizes-1-billion-of-bitcoin-tied-to-silk-road-website-11604612072

U.S. Department of Justice officials seized more than $1 billion of bitcoins and other digital currencies today that had actually been associated with the Silk Roadway online drug fete, the largest seizure of cryptocurrency in the agencys history.

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The 69,000 took bitcoins as soon as came from Silk Road creator Ross Ulbricht, the Justice Department said in a statement Thursday. Mr. Ulbricht was convicted in 2015 of dispersing narcotics and cash laundering and sentenced to life in jail.

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