U.S. appeals court finally rules to seize approximately $3 billion worth of Bitcoin tied to Silk Road

On December 21, the US Court of Appeals finally confirmed an authorization to officially confiscate 69,370 bitcoins (worth about $3 billion) and other cryptocurrencies related to the now-defunct Silk Road dark web market.

The ruling was made as early as August, but according to a document from the US Ninth Circuit Court of Appeals, the ruling will now take effect. The Wednesday-filed document listed Silk Road founder Ross Ulbricht as the defendant, two claimants and the US government as plaintiffs. (The Block)