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2025-01-09 11:28:41

EZ on Nostr: all seized bitcoin should be liquidated ...

all seized bitcoin should be liquidated

The U.S. government has received final approval from the Northern District Court of California to liquidate 69,370 BTC from federal seizure, ending a four-year legal battle tied to the Silk Road marketplace.

Chief Judge Richard Seeborg denied a motion to block the forfeiture, allowing the DOJ to sell the assets valued at $6.5 billion, though immediate liquidation is not guaranteed due to administrative processes.

https://storage.courtlistener.com/recap/gov.uscourts.cand.368440/gov.uscourts.cand.368440.173.0.pdf

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