Texas prosecutor orders confiscation of approximately 749 bitcoins related to the Silk Road earlier this month

Odaily Planet Daily News: Federal prosecutors in the Western District of Texas have ordered the confiscation of approximately 749 bitcoins worth around $62.5 million related to the Silk Road earlier this month. It is reported that these assets are related to illegal activities carried out by two men, one of whom is a drug dealer on the Silk Road and the other assisting him in laundering cryptocurrency. They transferred the Bitcoin obtained through Silk Road transactions through multiple different accounts and exchanged it for cash through LocalBitcoins. Part of the funds ultimately flowed into the cryptocurrency exchange Gemini, which reported these deposits to law enforcement. （Forbes）