On Wednesday, a U.S. appeals court finalized an injunction to confiscate 69,370 bitcoins and other crypto connected to the now-defunct Silk Road dark web marketplace.
The judgment was first made in August but will now take effect, according to a filing in the U.S. District Court of Appeals for the Ninth Circuit. The filing on Wednesday lists Silk Road founder Ross Ulbricht as a defendant, two claimants, and the U.S. government as a plaintiff.
The U.S. government had previously taken control of these digital assets, initially secured by an entity referred to as “Individual X.”
The directive stems from the confiscation of digital currencies by a suspected hacker named Individual X. This individual X voluntarily agreed to relinquish the assets through a forfeiture agreement with the U.S. Attorney’s Office in the Northern District of California on November 3, 2020.
The filing stated, “Individual X was able to hack into Silk Road and gain unauthorized and illegal access to Silk Road and thereby steal the illicit cryptocurrency from Silk Road and move it into wallets Individual X controlled.”
According to Wednesday’s filing, it lists the defendant as Ross Ulbricht, founder of Silk Road, and the plaintiff as the U.S. government.
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