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Feds Miss Out Half a Billion Dollars from Silk Road Bitcoin Auction

On September 29, the acting Manhattan US Attorney announced that Ross Ulbricht forfeited the $48 million proceeds from the sale of bitcoin seized from the computers and devices of the Silk Road operator. While the auction of 144,336 bitcoin (worth $608.5 million at the time of writing) was conducted in 2014, the US Justice Department …
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