US Will Sell $117 Million in Bitcoin Seized From Silk Road Drug Trafficker – Decrypt

The United States has announced plans to sell about $117 million worth of Bitcoin seized from a convicted drug trafficker who operated on the now-shuttered Silk Road dark web marketplace.

forfeiture notice from earlier this month is now available online, with the government noting that it plans to “dispose” of the cryptocurrency. The notice follows sentencing earlier this month for 38-year-old Ryan Farace and his 72-year-old father Joseph Farace, both of Maryland, for the charge of money laundering conspiracy.

Read more at: https://decrypt.co