Odaily News Federal prosecutors in the Western District of Texas ordered the confiscation of approximately 749 bitcoins related to Silk Road earlier this month, worth approximately $62.5 million. It is reported that these assets are related to illegal activities carried out by two men, one of whom was a drug dealer on Silk Road and the other assisted him in laundering cryptocurrencies. The two of them transferred the bitcoins obtained through Silk Road transactions through multiple different accounts and exchanged them for cash through LocalBitcoins. Part of the funds eventually flowed into the crypto exchange Gemini, which reported the deposits to law enforcement. (Forbes)