US DOJ Seizes $1 Billion in Crypto That Is Allegedly Part of the Silk Road Dark Market

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As per Bloomberg’s latest crypto report, the United States Department of Justice (DOJ) filed the seizure of $1 billion worth of Bitcoin from a still-unnamed hacker. Notably, the tremendous amount of Bitcoin that the US DOJ wants to be seized is allegedly part of the infamous Silk Road dark web market.

To be precise, the DOJ appeals to the Northern District of California to look into and eventually seize an approximate amount of 69,370 Bitcoin (BTC) currently residing on a particular wallet ID: “1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbh.” As it currently stands, the court identifies the hacker as “Individual X” – refusing to publicly name the person responsible for the said wallet just yet.

Several firms specializing in Blockchain investigations suspect that the coins in question belong to the infamous dark web marketplace debunked by the FBI last 2013 – the Silk Road. According to the investigators, countless hackers have been desperately trying to get a hold of the Silk Road funds for several years now by using a specific leaked file that reportedly holds its private keys. That being said, they now believe that Individual X managed to hack into it finally, or at the very least into the wallet of the dark web marketplace’s original owner, Ross Ulbricht – who is currently serving life imprisonment. This is then further reinforced by the fact that the substantial funds recently moved this Tuesday – the first time it ever moved for the last five years.

It is also worth noting that once the US DOJ successfully seizes the said funds, it will be the largest and most prominent crypto seizure in history.

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