US authorities seize $3.36 billion in bitcoin from decade-old Silk Road hack

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US authorities seize $3.36 billion in bitcoin from decade-old Silk Road hack
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The Department of Justice has seized over 50,000 bitcoin from a hacker who pleaded guilty to illegally obtaining them from Silk Road 10 years ago.

The Department of Justice seized over 50,000 bitcoin from a hacker who just pleaded guilty to illegally obtaining them from Silk Road 10 years ago.The Department of Justice seized over $3.36 billion worth of bitcoin from a hacker who stole 50,000 bitcoin from Silk Road a decade ago.

"For almost ten years, the whereabouts of this massive chunk of missing Bitcoin had ballooned into an over $3.3 billion mystery," the Justice Department's announcement said. Almost a year later, the Justice Department is publicizing that seizure. It was at the time the largest of its kind, eclipsed in February of this year during theand Ilya Lichtenstein, who had tried to launder money from a 2016 hack of Bitfinex.

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