Ross Ulbricht, the founder of the illegal marketplace Silk Road, drops claim to millions of dollars raised on Bitcoin auctions, that were previously seized by US law enforcement.
Ross Ulbricht photographed by Julia Vie
Thus, accroding to coindesk.com, on September 29th, US District Judge Katherine Forrest issued an order forfeiting over $48 million to the US government. Those funds were gained as the US Marshals Service auctioned off more than 144,000 Bitcoins confiscated during the crackdown on the Silk Road.
These $48 million will count toward the more than $180 million in monetary judgments Ross Ulbricht was ordered to pay at sentencing.
Sentenced to life imprisonment for the distribution of drugs and hacker attacks, Ross Ulbricht previously claimed his rights to the confiscated funds. However, now the man has changed his mind, the motives behind which remain unclear.
In total, the value of the Bitcoins seized from Silk Road accounts was estimated at $122 million. Today this amount would be more than $620 million.