How U.S. authorities forgot to seize $400,000 worth of fake Bitcoin linked to Silk Road

Shitforks lurk in the wild – Despite its closure by the authorities in 2013, the black market Silk Road is still the talk of the town.

It turned out today that many corners from Bitcoin (BTC) forks have not (yet?) been recovered by law enforcement on the wallets seized since then.
More than $1 billion worth of BTCs from 2013

The offline shutdown of Silk Road and the arrest of its founder, Ross Ulbricht, in 2013 were also an opportunity to freeze the Bitcoin Supersplit wallets belonging to this darknet black market.

These addresses thus remained frozen long before the king of cryptos knew the slightest direct fork – Litecoin and Dogecoin, which date from that time, are indeed separate blockchains, not BTC forks.

The blockchain transaction analysis company Coinfirm noticed that some of the (too) many Bitcoin forks had not been recovered by the American authorities.

The latter announced that they had seized 69,370 Bitcoins, or about $1.3 billion, from an anonymous person who allegedly hacked into the famous black market wallets.

Although the authorities obviously thought of recovering the most famous forks, such as Bitcoin Cash (BCH) and even BSV, others were left out.
400,000 dollars of forgotten shitforks

According to Coinfirm, the hacker – who would not have been bothered in exchange for his collaboration – would still have at least $400,000 worth of cryptomoney from forks on his address. This would be :

  • 693,701 Bitcoin Diamond (BCD), valued at 310,000 dollars;
  • 69,370 Super Bitcoin (SBT), valued at approximately $66,000;
  • 69,370 Bitcoin Private (BTCP), valued at approximately $11,000.

Thus, anyone with access to the private keys of the hacker’s wallet can still dispose of these untapped funds.

This discovery was made possible by Coinfirm’s new Reclaim Crypto service. This service makes it possible to find all the cryptos from forks that may have been „forgotten“ (if they were ever known) by the owners of BTC wallets.

„(…) the police authorities could, without knowing it, leave important funds accessible to the suspects instead of taking them into account and seizing them correctly“.
Coinfirm Report

The old Bitcoin wallets are real forks to the point where it is difficult to find your way around. In this case, a real shitcoin nest that we’d rather forget!

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