The U.S. Court of Appeals for the Ninth Circuit has finalized the seizure of 69,370 bitcoins and other cryptocurrencies from a hacker known as Individual X.

The cryptocurrencies were originally hacked from the Silk Road marketplace, which was shut down by the U.S. in 2013.

Individual X agreed to the forfeiture with the U.S. Attorney's Office in 2020.

The United States Department of Justice now owns the seized assets, which include Bitcoin, Bitcoin Cash, Bitcoin Gold, and Bitcoin SV.

Initially valued at over $1 billion, the crypto is now valued at more than $3 billion.

This is one of the largest forfeitures in history, and there is speculation about the impact of a potential sale on Bitcoin's price.

The U.S. government now owns about 195,000 BTC, making them one of the largest holders of Bitcoin.

The government's control over the confiscated assets demonstrates their power over the digital currency ecosystem.