SilkRoad

Silk Road Forfeits Bitcoins Worth $28 Million

(BBC) The clandestine online marketplace Silk Road has forfeited bitcoins worth $28 million, U.S. prosecutors have said.

Prosecutors had seized the bitcoins as they shut the website, which allowed users to trade in illegal drugs, last year.

The seized Bitcoins were allegedly used “to facilitate money laundering,” the prosecutors claimed. Bitcoins have gained popularity recently, but there have been fears they may be used for illegal activities.