The United States Department of Justice has filed a lawsuit on Thursday requesting the seizure of $1B worth of Bitcoin from an unnamed hacker. The Bitcoin was said to be stolen from Silk Road five years ago.

On a court document, DOJ has asked for the forfeiture of approximately 69,370.22491543 Bitcoin (BTC), Bitcoin Gold (BTG), Bitcoin SV (BSV), Bitcoin Cash (BCH), obtained from “1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbh”.

According to Elliptic, a crypto forensic, the funds were transferred to an address associated with Ross Ulbricht’s Silk Road. Silk Road was an online black market and the first modern darknet market, best known as a platform for selling illegal drugs. Ulbricht was arrested seven years ago in a San Francisco library. The Feds were able to recover only a fraction of the bitcoins he has acquired from his illegal activities with Silk Road. And this was given light with the recent events. Ulbricht’s Bitcoin was actually stolen by a hacker. The court document did not identify the hacker but referred to them as “X”.

The Bitcoin originally came from 54 transactions amounting to 70,411.46 Bitcoin and were then sent to two bitcoin addresses.

The court document states:

“On approximately April 23, 2015, 1HQ3 sent 101 Bitcoin (approximately $23,700) to BTC-e, a company that provided Bitcoin-related services and operated as an unlicensed cryptocurrency exchange. In January 2017, BTC-e and a Russian operator of BTC-e were indicted in the Northern District of California for operating an unlicensed money transmitting business and for money laundering through the exchange.

Between April 2015 and November 2020, the remainder of the funds, 69,370.082201 BTC, remained in 1HQ3. 1 As of November 3, 2020, 1HQ3 had a balance of 69,370.22491543 Bitcoin (valued at approximately $1 Billion as of November 4, 2020).”

1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx is believed to be the hacker’s wallet. The Bitcoin remained dormant for five years in the wallet.

On Nov. 4, the Bitcoin was moved from the dormant wallet to another wallet. There were even speculations that the wallet could have been hacked. It turns out that the hacker seemingly agreed to turn over the funds to the government as of Monday which explains the movement.

As further stated in the court document :

“On November 3, 2020, Individual X signed a Consent and Agreement to Forfeiture with the U.S. Attorney’s Office, Northern District of California. In that agreement, Individual X, consented to the forfeiture of the Defendant Property to the United States government.

On November 3, 2020, the United States took custody of the Defendant Property from 1HQ3.”

According to the DOJ, this is by far the biggest seizure of cryptocurrency in the history of the agency. This is in line with its effort to crackdown illegal activities in the crypto industry.