Dark Web Founder Loses $100 Million in Bitcoin After 40-Year Sentence: Where Does It Go?
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Ross Ulbricht, founder of the Silk Road dark-web marketplace, reportedly forfeited roughly $100 million in Bitcoin as part of his case and received a 40-year sentence. The forfeited funds are under U.S. government control and may be sold or otherwise disposed of through legal processes. The seizure removes those coins from private circulation but is too small relative to Bitcoin’s market to imply a material impact on price.
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