Feds Seize $1 Billion in Stolen Silk Road Bitcoins

The DoJ today filed a civil forfeiture complaint over 69,370 bitcoins—and other variants of the cryptocurrency—seized on November 3 from an unnamed person court documents refer to only as Individual X. According to the IRS’s criminal investigation unit, Individual X successfully hacked the Silk Road sometime between May of 2012 and April of 2013, stealing that abundance of drug money from the dark web site’s bitcoin addresses before Ulbricht’s downfall in October of 2013.

Read full article on Wired – Threat Level

 


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