“Shocking Allegation Against US Government”

The United States government has reportedly been given the green light to sell 69,370 Bitcoins, valued at around $4.33 billion, confiscated from Silk Road’s ‘Individual X’. This decision follows a ruling by the U.S. Supreme Court on October 7, as reported by blockchain analytics firm Lookonchain. Battle Born Investments, the company claiming ownership of the seized Bitcoin, had their case turned down by the Supreme Court, granting full control of the assets related to the Silk Road case to the government. In the latest development, the U.S. government has moved Bitcoin assets previously linked to ‘Individual X’, representing a total of 203,239 BTC worth $12.63 billion. 69,370 BTC have been held in the ‘bc1qa5’ wallet for the last four years and are now accessible for liquidation due to the recent court ruling. This action comes after the government’s previous transfer of 29,800 BTC totaling $2.02 billion, where 10,000 BTC were sent to Coinbase Prime. These transactions were monitored by Arkham Intelligence, providing verification of the movements on their platform.