FOLLOW US

Financial Investigations November 23, 2020 2 mins read

U.S. gov’t left seized Bitcoin wallet still containing millions of dollars: Coinfirm

Financial Investigations ı By Dee Dulfo

0 Comments

BitCoin Info

Millions of dollars of illegal Bitcoin funds appeared to have been left by authorities on cryptocurrency wallets linked to the darknet Silk Road that was sequestered by the U.S. Department of Justice (DOJ) on November 5.

The sizeable sums of money held on forked addresses originating from those overlooked cryptocurrency wallets are accessible to criminals. DOJ authorities may still have access to those funds, according to Coinfirm, a London-based analytics firm.

The DOJ earlier stated that it had seized 69,370 bitcoins worth over $1 billion on the Silk Road web marketplace from a hacker, known as “Individual X.”

‘Individual X’ was able to escape the incident without facing any criminal charges and may still have control over the cryptocurrency wallets that were left behind.

Meanwhile, DOJ officials reaped praises for busting Silk Road and sequestering over $1 billion in Bitcoin funds.

Based on Coinfirm’s self-funded probe, the following assets are among those that DOJ authorities “seemingly overlooked and left in the hands of whoever has access to the private keys of the main wallet”:

  • 693701 Bitcoin Diamond (“BCD”), which is presently worth approximately 310,000 USD
  • 69370 Super Bitcoin (“SBTC”), which is presently worth approximately 66,000 USD
  • 69370.11453606 Bitcoin Private (“BTCP”), which is presently worth approximately 11,000 USD

“Whoever has access to the private keys of the main wallet, would still have access to these funds,” Coinfirm said.

The investigation was conducted by Confirm’s latest service Reclaim Fork, which was launched last month.

“Coinfirm’s cryptographic tracing efforts have identified dozens of cases in which law enforcement authorities may have unknowingly left substantial funds accessible to suspects instead of properly accounting for and seizing those assets,” according to the analytics firm.

Additionally, Coinfirm said it is serving as a “strong advocate for cryptocurrency investors harmed by the illegal actions of cryptocurrency thieves, money launderers, and market manipulators.”

Pawel Kuskowski, CEO and co-founder of Coinfirm believes that "customer protection and market integrity is critical for the long-term value of the crypto market.”

----------------------------------------

Have a story you want USA Herald to cover? Submit a tip here and if we think it's newsworthy, we'll follow up on it.

Want to contribute a story? We also accept article submissions – check out our writer's guidelines here.

Previous Article

China COVID-19 cases surge, raises containment measures, tests millions

Read More
180 Posts

Dee Dulfo

Dee is a journalist and a news anchor. He enjoys traveling the world with just a backpack.

Discussion

No comments yet. Be the first to join the discussion!

Don’t Miss It
America September 25, 2026
Clorox Bacteria Risk Recall Suit Alleges…

The entire point of a household cleaner is to eliminate…

By – Tyler Brooks
America September 25, 2026
NextEra $9.5M Settlement Approval Advances Nuclear…

Class action settlements often move through the courts like ships…

By – Tyler Brooks
America September 25, 2026
Select Water $700M Pilot Water Buy…

Water may not carry the glamour of oil, but in…

By – Rachel Moore
America September 25, 2026
Americold Logistics $5.25M Settlement Resolves Twin…

A single data breach can shake a company’s finances. Two,…

By – Rachel Moore
America September 25, 2026
NAIC $1.2 Trillion Insurer Private Credit…

Numbers this large tend to hide in plain sight —…

By – Rachel Moore
America September 25, 2026
Relation Insurance Acquires LaPlaca in Pennsylvania…

Some insurance agencies are built quickly through acquisition and scale;…

By – Rachel Moore
America September 25, 2026
Relation Insurance Acquires LaPlaca in Pennsylvania…

Some insurance agencies are built quickly through acquisition and scale;…

By – Rachel Moore
America September 25, 2026
Tesla Insurance Blocked in NY Over…

Sometimes a business plan collides not with market forces, but…

By – Rachel Moore
America September 25, 2026
What If They Are Not From…

Key Takeaways The popular assumption that a genuinely nonhuman UAP…

By – Samuel Lopez
America September 25, 2026
Iranian Flights Curtailed as Saudi Arabia…

Iranian Flights are facing further restrictions across the region as…

By – Jackie Allen
America September 24, 2026
Nolan Wells Autopsy: ‘No Fluid or…

ORLANDO, Fla. — Nolan Wells’ family attorneys say cellphone data…

By – Michallie Harrison
America September 24, 2026
AI Bots Are Calling Customer Service:…

AI Bots are increasingly becoming part of an unexpected new…

By – Jackie Allen
America September 24, 2026
AI Bots Are Calling Customer Service:…

AI Bots are increasingly becoming part of an unexpected new…

By – Jackie Allen
And More September 24, 2026
Nazi Prosecution: Three Landmark Cases and…

A new Nazi Prosecution investigation is taking place in Dortmund,…

By – Jackie Allen
America September 24, 2026
Gary Glitter: the Band, Crimes, Convictions…

 Gary Glitter, the former British glam-rock star whose real name…

By – Jackie Allen
America September 23, 2026
Roblox widow alleges $6 million scam,…

The Roblox widow says a former companion took $6 million…

By – Jackie Allen
America September 23, 2026
Bessent Threatens Global Shutdown of Iranian…

What Readers Need to Know Treasury Secretary Scott Bessent made…

By – Samuel Lopez
America September 22, 2026
Physical AI Increases Strain on Network…

Network planning has traditionally focused on a familiar problem: ensuring…

By – Jackie Allen
America September 24, 2026
Island $6.4B Valuation Reflects Bet on…

Some companies grow steadily, year over year, in predictable increments.…

By – Rachel Moore
America September 24, 2026
Starbucks Closing 250 Stores Across North…

What Starbucks Workers Need to Know Starbucks is closing roughly…

By – Samuel Lopez
America September 24, 2026
Matt Gutman Dropped From Samira Said…

What Changed Since the Lawsuit Was Filed Matt Gutman and…

By – Samuel Lopez
America September 24, 2026
She’s Alive LLC, and Manager of…

What’s Driving the Parton Estate Fight A Nashville judge granted…

By – Samuel Lopez
America September 23, 2026
Path Clear for Immediate Sale of…

What California Drivers Need to Know California already legalized E15…

By – Samuel Lopez
America September 23, 2026
California Bar Examinees Reach $1.35 Million…

What California Bar Examinees Need to Know California bar examinees…

By – Samuel Lopez
America September 22, 2026
Hayden Panettiere’s Cause of Death Confirms…

What the Toxicology Findings Tell Us Hayden Panettiere’s death has…

By – Samuel Lopez
America September 22, 2026
Clavicular Charged With Rape In Massachusetts…

What Matters Now Braden Peters, known online as Clavicular, faces…

By – Samuel Lopez
America September 22, 2026
VP JD Vance and Dr. Oz…

Insurance Impact at a Glance CMS says it canceled 315,000…

By – Samuel Lopez
America September 19, 2026
Iranian Government Holds Rally as War…

The Iranian Government organized its allegedly largest rally since the…

By – Jackie Allen
America September 19, 2026
Businesses Face Rising ADA Lawsuits Over…

Key Takeaways Website-accessibility litigation is surging, with 432 new digital…

By – Samuel Lopez
America September 18, 2026
Cher Wins Procedural Victory As Conservatorship…

Key Takeaways Cher secured a procedural victory in her renewed…

By – Samuel Lopez
America September 22, 2026
Network Traffic Challenges May be Reshaped…

Network traffic has traditionally moved in one dominant direction: from…

By – Jackie Allen
America September 21, 2026
Gilbert Goons Defendant Arrested Again for…

A Gilbert Goons defendant awaiting trial in the 2023 death…

By – Jackie Allen
America September 20, 2026
Caleb Williams Injury Ends Bears QB’s…

Some plays end with a first down. This one ended…

By – Rachel Moore
America September 20, 2026
Saquon Barkley Injury Sidelines Eagles Star…

Football fortunes can flip on a single play — and…

By – Tyler Brooks
America September 20, 2026
Meta Connect 2026: AI Glasses, Mixed…

Meta Connect 2026 is set to bring CEO Mark Zuckerberg…

By – Jackie Allen
America September 19, 2026
Kelsey Mitchell Breaks WNBA Scoring Record…

Kelsey Mitchell made WNBA history Friday night, scoring 33 points…

By – Jackie Allen

No posts found.

No posts found.

Signup for the USA Herald
exclusive Newsletter