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Silk Road bitcoins worth $1bn change hands after seven years

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November 04, 2020 at 01:44PM

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Funds have lain dormant since darknet site founder Ross Ulbricht was jailed in 2013

A billion dollars worth of bitcoins linked to the shuttered darknet market Silk Road has changed hands for the first time in seven years, prompting renewed speculation about the fate of the illicit fortune.

Almost 70,000 bitcoins stored in the account which, like all bitcoin wallets, is visible to the public, had lain untouched since April 2013. The website was shut down by an FBI raid six months after they were deposited, and they have not moved since.

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