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The U.S. Marshals Service sold Ross Ulbricht's confiscated 144,000 bitcoins in 2014 for $334, currently worth $14 billion

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2025-01-23 00:33:11
Trump previously pardoned Silk Road founder Ross Ulbricht, ending his nearly 12-year prison sentence. In 2013, the FBI seized 144,000 bitcoins held by Ulbricht, and the U.S. Marshals Service auctioned them at $334 each in 2014 for a total of about $48 million. At current prices, the bitcoins are worth about $14 billion. Venture capitalist Tim Draper bought about 30,000 bitcoins in the auction. Despite the amnesty, Ulbricht has been unable to recover the assets under the Supreme Court's 1993 legal precedent.
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