Odaily Planet Daily News: Federal prosecutors in the Western District of Texas ordered the confiscation of approximately 749 bitcoins related to the Silk Road, worth approximately US$62.5 million, earlier this month. It is reported that these assets are related to illegal activities carried out by two men, one of whom is a drug dealer on the Silk Road and the other assists him in laundering cryptocurrencies. The two of them transferred the bitcoins obtained through Silk Road transactions through multiple different accounts and exchanged them for cash through LocalBitcoins. Part of the funds eventually flowed into the crypto exchange Gemini, which reported the deposits to law enforcement. (Forbes)