Feds Free to 'Liquidate' Seized Silk Road Bitcoins Worth $25 Million

Federal prosecutors are now free to cash in on the Bitcoin seized from the online drug marketplace Silk Road. United States District Judge J. Paul Oetken signed off on the forfeiture order for the Bitcoins, transferring their ownership to the state, the Manhattan U.S. Attorney's office announced on Thursday.

When the original Silk Road was shut down in October, the feds seized one of the biggest wallets ever, containing more than 29,600 Bitcoins — now worth around $25 million. At the time of the seizure they were worth six times less, around $4 million.