The U.S. government is set to auction over $130 million worth of Bitcoin linked to the Silk Road darknet market. This substantial cache of Bitcoin, consisting of two separate lots, originates from the forfeiture related to Ryan Farace, convicted last year of money laundering. Farace and his father, Joseph, were involved in laundering Bitcoin used in drug trafficking, attempting to transfer the funds to a foreign account. This auction also includes Bitcoin tied to Shaun Bridges, a former Secret Service agent sentenced in 2015 for stealing Bitcoin during the Silk Road investigation. This significant sale marks another chapter in the ongoing saga of Silk Road and its aftermath.
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