The US government is planning to sell 41,490 BTC, which were seized from entities allegedly associated with the darknet market Silk Road. This news comes after the recent sale of 9,861 BTC on 14 March, which netted the government over $215 million. According to court documents, the remaining BTC will be sold in four tranches this year.
The sale of the BTC is significant as it could potentially impact the market. However, Justin Sun, the founder of Tron (TRX), has offered to purchase the BTC at a 10% discount through an OTC deal to minimize any potential impact on the market.
The sale of BTC connected to Silk Road highlights the government’s efforts to crack down on illegal activities on the dark web. BTC has been known to be the preferred currency for many of these activities due to its anonymity and ease of transfer. By seizing these assets and selling them, the government is taking steps towards disrupting these activities.
This move by the US government is not unique, as other governments have also been seizing and selling BTC connected to illegal activities. It is important for individuals to be aware of the risks associated with using BTC for illegal activities and the potential consequences of being caught.
Overall, the sale of the BTC connected to Silk Road is a clear indication of the government’s efforts to combat illegal activities on the dark web. It also serves as a reminder of the risks associated with using decentralized cryptocurrencies for illegal activities.