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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 prior to 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 called the Silk Road. But when the Feds laid on the job Ulbricht’s laptop that day, they found keys to unlock just a fraction of the bitcoins he had amassed over the Silk Road’s years of bustling black Darkode Market drug trade. Today the Justice Department finally revealed the place where a billion-dollar tranche of the Silk Road’s treasure ended up: stolen by a mysterious hacker, and now seized by the US Treasury.
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