Today I read the news the govt of USA took a decision to sell approximately
$130 million worth of BTC linked to Silk Road forfeitures.
Source:
fintelegram.comThey are focusing on ongoing legal repercussions which are associated with illegal activities. Those BTC linked to
Ryan Farace aka
Xanaxman and
Sean Bridges both of them are part of a larger effort to combat money laundering and suspicious transactions.
Farace and his father
Joseph, who were convicted of conspiracy to commit money laundering, and they tried to transfer a vast sum of BTC to an overseas account.
US government’s investigation team found a hidden connection to
Bridges, who is a former
Secret Service agent involved in the Silk Road investigation, his name adds more complexity to the case. The court ordered them to forfeit their bitcoin, Although
Bridges agreed to return the stolen bitcoins to US agents,
Farace and his father claimed not to have access to the bitcoins used for darknet transactions, lol..
What do you think, how will be the impact of the market, good or bad?
looks like they have enough resources to make the bottoms they want.