US Government to Sell $1.5 Billion Worth of Bitcoin Seized from Silk Road Hacker

The US government plans to sell over $1.17 billion worth of Bitcoin seized from Silk Road hacker James Zhong, who was accused of stealing the virtual assets from the illicit marketplace in 2012. The government has already sold about 9,861 BTC of the total amount seized for more than $215 million on March 14th, leaving about 41,491 BTC. The government says it will not sell the remainder of the BTC until after Zhong is sentenced, which is scheduled for April 14.