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

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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.


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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