A billion-dollar dispute over a trove of Silk Road bitcoins could reveal identity of 'Individual X'

Quick Take

  • Last November, the U.S. government seized a trove of bitcoin said to be connected to the now-defunct dark web marketplace Silk Road.
  • The Department of Justice detailed the activities of someone identified only as “Individual X” who, in the government’s telling, stole the BTC from Silk Road between 2012 and 2013.
  • An entrepreneur is laying claim to the bitcoin, saying an accused Las Vegas fraudster was in control of it when a court compelled him to turn over his assets to the entrepreneur after a court ruling. 
  • The court case creates narratives surrounding the identity of Individual X, which the government claims are false, but the ongoing legal battle could yield more clues to the mystery person’s true identity.
The case makes claims about the possible identity of the hacker, which the government says are false, but the legal battle could yield more clues.

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