Silk Road Bitcoin Seizure: Analytics Firm Claims Tokens Worth Millions Still Outstanding

Silk Road Bitcoin Seizure: Analytics Firm Claims Tokens Worth Millions Still Outstanding


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Analytics firm Coinfirm says the US Department of Justice (DOJ)’s seizure of digital assets associated with the now-defunct Silk Road left behind tokens worth millions of dollars. According to Coinfirm, there are still valuable balances held on forked addresses originating from that wallet.

On November 5, the DOJ announced that a hacker known as Individual X had cooperated with law enforcement and agreed to relinquish control of over $1 billion worth of bitcoins. At the time of the seizure of the 69,370 BTC, news.Bitcoin.com reported the DOJ confirming that 1HQ3-the address that was controlled by Individual X also contained approximately 69,370 BCH, BTG, and BSV.

However, in its update following “a self-funded investigation”, the analytics firm says the US “government seemingly overlooked and left it in the hands of whoever has access to the private keys of the main wallet.” While Coinfirm is claiming that funds worth millions of dollars are still outstanding, the firm has so far only

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