Summary: U.S. prosecutors seized over 50,000 Bitcoin (BTC) from a defendant in connection to the Silk Road, a dark web marketplace created by Ross William Ulbricht in 2011. Monday’s official statement from the U.S. Justice Department said authorities discovered around 50,676 BTC on November 9, 2021, after searching the Georgia residence of James Zhong. Crypto’s leading digital token BTC set a new $68,000 all-time high on November 10, 2022, per TradingView data. This means that at the time of the […]
