Analysis: US Supreme Court refuses to hear Silk Road appeal, may lift 69,370 bitcoin sales limit

Odaily News The U.S. Supreme Court declined to hear an appeal by Battle Born Investments et al. over 69,370 BTC ($4.4 billion) tied to the darknet Silk Road, and a 2022 ruling by the U.S. District Court for the Northern District of California may prevail. With a lower court ordering the U.S. government to “dispose of the defendant’s property seized as required by law,” the U.S. Marshals or other agencies may soon receive a court order to liquidate the large amount of Bitcoin stolen from the darknet Silk Road. In short, the Supreme Court’s dismissal of the appeal effectively removes restrictions on the sale of these Bitcoins. Battle Born Investments purchased bankruptcy claims after Ross Ulbricht’s darknet marketplace Silk Road collapsed in 2013. Battle Born claims to own the Bitcoin seized from “Individual X,” who stole the Bitcoin from the darknet Silk Road. The wallet in dispute is 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx, which has been emptied and is in the custody of the U.S. government pending court instructions. (Protos)