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 before the IRS came knocking.More than seven years have passed since Ross Ulbricht was arrested in the science fiction part of a San Francisco library and faced with running the sprawling, dark web drug bazaar called the Silk Road. But once the Feds laid on the job Ulbricht’s laptop that day, they found keys to unlock only a fraction of the bitcoins he had amassed within the Silk Road’s years of bustling black darkode market drug trade. Today the Justice Department finally revealed where a billion-dollar tranche of the Silk Road’s treasure wound up: stolen by a mysterious hacker, and now seized by the US Treasury.