Justice Department Seizes $1 Billion of Bitcoin Associated with Silk Road

The U.S. Justice Department announced it had seized over $1 billion worth of bitcoin associated with the underground online marketplace Silk Road. The Justice Department said it was seeking the forfeiture of the cryptocurrency, which had been in the possession of an unnamed hacker who stole them from the “notorious” website. It is the largest cryptocurrency seizure ever made by the U.S. government, the department added.