Breaking News: The US Government is preparing to sell off a massive cache of Bitcoin linked to the infamous Silk Road darknet marketplace.

US Government to Sell $130 Million Worth of Bitcoin from Silk Road

On Thursday, January 25, the US government filed a notice to sell nearly $130 million worth of Bitcoins seized from the fallout of the Silk Road darknet marketplace. This significant sale marks another chapter in the long-running saga of the once-dominant online black market and the government's efforts to recover illicit assets.

According to the filing, the US government will sell the seized Bitcoin worth $130 million. The United States government has filed a notice to sell approximately $130 million worth of Bitcoin seized in connection with the illegal online black market Silk Road. The impending sale has sparked considerable interest within the cryptocurrency community, with many speculating about the potential impact on the market.

Details of the Bitcoin Sale

The notice of the impending sale of the Bitcoin comes after a court-approved forfeiture. While the exact method of sale hasn't been fully disclosed, previous government Bitcoin auctions have been conducted through various channels. Speculation suggests options range from direct OTC (Over-The-Counter) trades to more public auction formats.

Stay tuned for updates as more information becomes available regarding the specifics of this major Bitcoin sale linked to the Silk Road. This event underscores the ongoing efforts to dismantle and recover assets connected to illegal online activities.