Silk Road Seizure
Web3 / crypto history
The shutdown of the Silk Road, an infamous darknet marketplace, by the FBI in 2013. The platform used Bitcoin for anonymous transactions of illicit goods. The seizure and subsequent auctioning of the seized bitcoins by the U.S. government was a major event that brought both negative attention and a degree of legitimacy to Bitcoin.
Category: crypto history, compliance
Explore the full Web3 Glossary — 2,062+ expert-curated definitions. Need guidance? Talk to our consultants.