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  • revaamundson
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    The Feds Seized $1 Billion in Stolen Silk Road Bitcoins

    A hacker identified only as Individual X had been sitting on a cryptocurrency gold mine for seven years ahead of the IRS came knocking.More than seven years have passed since Ross Ulbricht was arrested in the science fiction section of a San Francisco library and charged with running the sprawling, dark web drug bazaar known as the Silk Road. But when the Feds laid practical Ulbricht’s laptop that day, they found keys to unlock just a fraction of the bitcoins he had amassed on the Silk Road’s years of bustling black world market drug trade. Today the Justice Department finally revealed where a billion-dollar tranche of the Silk Road’s treasure finished up: stolen by a strange hacker, and now seized by the US Treasury.

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