newsycanuse

Supreme Court clears path for US to sell $4.4 billion in seized Silk Road Bitcoin

Court

Bitcoins

Home » Bitcoin » Supreme Court clears path for US to sell $4.4 billion in seized Silk Road Bitcoin

Bitcoins The Supreme Court’s decision allows the US to sell 69,370 seized Silk Road Bitcoin, setting up one of the largest Bitcoin auctions in history.

bitcoins Supreme Court clears path for US to sell $4.4 billion in seized Silk Road Bitcoin

Key Takeaways

  • Supreme Court paves way for US to sell $4.4 billion in Silk Road Bitcoin.
  • Battle Born loses appeal as US preps for largest seized Bitcoin auction in history.

Share this article

The US Supreme Court has declined to hear an appeal regarding the ownership of 69,370 Bitcoin seized from the infamous Silk Road marketplace. This decision paves the way for the US government to move forward with selling the $4.4 billion worth of BTC.

The decision effectively upholds a 2022 ruling by the US District Court for the Northern District of California, which ordered the government to liquidate Bitcoin under existing laws.

The case, brought by Battle Born Investments, argued that the company had acquired rights to the Bitcoin through a bankruptcy estate connected to the Silk Road. Battle Born claimed that the Bitcoin was stolen by an individual known as “Individual X,” who allegedly took the funds from Silk Road.

However, the courts ruled against Battle Born, and with the Supreme Court declining to hear the appeal, the government is now free to auction off the Bitcoin.

The US Marshals Service is expected to handle the liquidation. While several formalities remain before the sale can proceed, this will likely result in one of the largest sales of seized Bitcoin in history.

The US government has already moved significant portions of the seized Silk Road Bitcoin in recent months, likely in preparation for the sale. It is also possible that Coinbase Prime, which has a custody agreement with the US Marshals Service, has been holding the assets on the government’s behalf during this period.

This arises as the handling of seized Bitcoin has become a point of debate in the 2024 election. In July, former President Donald Trump, speaking at the Bitcoin 2024 conference in Nashville, vowed to create a “strategic Bitcoin stockpile” and retain all government-seized Bitcoin if he is re-elected.

Share this article

Estefano Gomez Read More

Latest

‘NBA

Angel Reese Reveals Her “Biggest Win” Ever in Heartfelt Message to Mother After Claiming FIBA World Cup Gold

0
Basketball Angel Reese has spent a lot of her...
football

The whole world is ready to boo Lane Kiffin. He’ll eventually get the last laugh – The New York Times

0
It has been less than a year since a documentary film, produced by ESPN and still streaming there, argued Lane Kiffin had matured. The film is called “The Many Lives of Lane Kiffin,” and it basically makes the argument that Kiffin, after two decades of relentlessly chaotic nomadism, of switching jobs, of heavy drinking, of
Davis

Davis Webb isn’t the only Bronco to blame for Week 1 debacle against the Chiefs

0
All the good vibes the Denver Broncos had built up over the offseason — the acquisition of Jaylen Waddle, Bo Nix's on-schedule return from the ankle surgery that cut his 2025 campaign short — wound up lasting less than two quarters of regular-season football. That's how long it took for the team's high-profile season opener
'make

‘Make My Ears Bleed’ — NFL Fans Call Out Joe Buck’s Major Mistake During Chiefs-Broncos Monday Night Football Clash

0
It’s the first primetime game of the year for Joe Buck and Troy Aikman, and there’s been some rust to shake off. On a play in the second quarter, Troy Franklin took a jet sweep from Bo Nix, but Buck called Franklin by the wrong name. NFL fans were ready at their keyboards to troll

Newsletter

Don't miss

‘NBA

Angel Reese Reveals Her “Biggest Win” Ever in Heartfelt Message to Mother After Claiming FIBA World Cup Gold

0
Basketball Angel Reese has spent a lot of her...
football

The whole world is ready to boo Lane Kiffin. He’ll eventually get the last laugh – The New York Times

0
It has been less than a year since a documentary film, produced by ESPN and still streaming there, argued Lane Kiffin had matured. The film is called “The Many Lives of Lane Kiffin,” and it basically makes the argument that Kiffin, after two decades of relentlessly chaotic nomadism, of switching jobs, of heavy drinking, of
Davis

Davis Webb isn’t the only Bronco to blame for Week 1 debacle against the Chiefs

0
All the good vibes the Denver Broncos had built up over the offseason — the acquisition of Jaylen Waddle, Bo Nix's on-schedule return from the ankle surgery that cut his 2025 campaign short — wound up lasting less than two quarters of regular-season football. That's how long it took for the team's high-profile season opener
'make

‘Make My Ears Bleed’ — NFL Fans Call Out Joe Buck’s Major Mistake During Chiefs-Broncos Monday Night Football Clash

0
It’s the first primetime game of the year for Joe Buck and Troy Aikman, and there’s been some rust to shake off. On a play in the second quarter, Troy Franklin took a jet sweep from Bo Nix, but Buck called Franklin by the wrong name. NFL fans were ready at their keyboards to troll
Broncos

Broncos vs. Chiefs live player stats, box score and match stats for Week 1 Monday Night Football

0
Patrick Mahomes and the Kansas City Chiefs are finally in action on Monday Night Football, kicking off the season and ending Week 1 as a whole with a showdown at Arrowhead Stadium against the bitter rival Denver Broncos. It should be a ton of fun as Mahomes makes his return after an ACL and LCL
newsycanusehttps://newsycanuse.com

‘Eye of the storm’: Business owner’s fight to keep nail tech siblings in country

A Whangārei beauty salon owner says her business may face trouble if she cannot find a way to keep her siblings in the country. Anna Vu owns AV Beauty Spa, and has worked in the city for 12 years. She said she had always struggled to find suitably skilled nail technicians and beauty staff and
Read more

What small business owners say they’d do differently, in hindsight

Working 60+ hours a week makes owners twelve times more likely to say their business is hurting their personal life. Australian small business owners are working through illness, skipping holidays and struggling to step away from their businesses, according to new research from insurer BizCover. The survey of 1,500 BizCover small business customers found more
Read more

Bright young business brains bring ideas to life

Friday 17 July, 2026 Young Cumbrian entrepreneurs showed off their innovative business ideas, from AI virtual assistants to African food, at two celebration events this week. Fifteen young people from Furness and West Cumbria aged 14 to 25 were selected to take part in the Positive Enterprise programme back in January...
Read more