The United States Attorney for the Southern District of New York — Preet Bharara — today announced the forfeiture of about 29,655 bitcoins from the Silk Road server shut down late last year. The forfeiture comes as part of an audit of the servers that ran the infamous and illicit dark web drug-trading website.
“With today’s forfeiture of $28 million worth of Bitcoins from the Silk Road website, a global cyber business designed to broker criminal transactions, we continue our efforts to take the profit out of crime and signal to those who would turn to the dark web for illicit activity that they have chosen the wrong path,” said Bharara. “These Bitcoins were forfeited not because they are Bitcoins, but because they were, as the court found, the proceeds of crimes.”
Forbes was told that these bitcoins will soon be auctioned off — though there is no information on when the auction is to take place.
Read the Justice Department press release.
Author note: This original article contained some errors which have since been corrected.