TIL that the FBI seized 144,000 bitcoins from Ross Ulbricht (silk road guy) in 2013 following his arrest and conviction. They were valued at close to $28.5million at the time of seizure. They’re now worth $1.9billion.

submitted by /u/HumbleHumanz
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Bitcoin – The Currency of the Internet

Feds moving quickly to cash in on seized bitcoin, now worth $8.4 million

Given Bitcoin's incredible rise in price over the last year, the sale is likely to result in the highest number of dollars of any forfeited cryptocurrency associated with a criminal bust. In 2014, nearly 30,000 bitcoins that once belonged to the notorious Silk Road website were sold to Tim Draper, a well-known …
Google Alert – bitcoin

Bitcoin Improvement Proposal: Hard Fork to Return Seized Silk Road BTC to Ross Ulbricht [“Anyone who opposes this, doesn’t know about it, or simply forgets to update their software, can excise themselves from the network. Thus, hard forks are the most democratic means of consensus on earth today.”]

Bitcoin Improvement Proposal: Hard Fork to Return Seized Silk Road BTC to Ross Ulbricht ["Anyone who opposes this, doesn’t know about it, or simply forgets to update their software, can excise themselves from the network. Thus, hard forks are the most democratic means of consensus on earth today."] submitted by /u/eragmus
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Bitcoin