On March 13th, according to Forbes, earlier this month, the Western District Attorney of Texas, USA, ordered the seizure of slightly more than 749 bitcoins, worth about $62.5 million. The order also involved hundreds of thousands of various currencies, as well as coins and gold bars.

According to the US Department of Justice, these assets are related to illegal activities carried out by two men, one of whom was a drug dealer on the Silk Road, and the other assisted him in laundering cryptocurrency. The two men transferred bitcoins obtained through Silk Road transactions through multiple different accounts, and converted the bitcoins into cash through LocalBitcoins. Some of the funds eventually flowed into the cryptocurrency exchange Gemini, which reported these deposits to law enforcement agencies.

This seizure indicates that despite Silk Road founder Ross Ulbricht being pardoned after President Trump took office, and now being a free man, those who sell drugs on dark web sites are still under investigation, and the US government is still pursuing their illegal gains.