The United States Supreme Court refuses to hear a case filed by Battle Born Investments regarding the ownership of 69,370 Bitcoin ($4.32 billion) linked to the dark web marketplace Silk Road. 

There have been legal disputes regarding the ownership of the 69,370 BTC seized by the United States government. In the same year, a district court dismissed Battle Born’s claim that it purchased the right to the Bitcoin. According to the company, it obtained the right to the asset through a bankruptcy estate.

Bitcoin and US

Bitcoin and US

The United States Supreme Court refuses to hear a case filed by Battle Born Investments regarding the ownership of 69,370 Bitcoin ($4.32 billion) linked to the dark web marketplace Silk Road. 

There have been legal disputes regarding the ownership of the 69,370 BTC seized by the United States government. Recall that the U.S. government confiscated most of the funds from James Zhong in 2022. 

Courts Deny Battle Born’s Claim Over Silk Road Bitcoin 

In the same year, a district court dismissed Battle Born’s claim that it purchased the right to the Bitcoin. According to the company, it obtained the right to the asset through a bankruptcy estate. Despite providing screenshots of the wallet where the 69,370 Bitcoins were seized, the court still ruled that Battle Born’s arguments were inadequate. 

Unsatisfied with the verdict, the company appealed the ruling in the U.S. Court of Appeals for the Ninth Circuit the following year. Similarly, the appellate court rejected the claim, finding that Battle Born’s argument was based on mere speculation. 

Now, the apex court in the United States has declined to hear the case, potentially giving the government the green light to sell the Bitcoin. 

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