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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 faced 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 merely a fraction of the bitcoins that he had amassed on the Silk Road’s years of bustling black darkode market drug trade. Today the Justice Department finally revealed in which a billion-dollar tranche of the Silk Road’s treasure ended up: stolen by a strange hacker, and now seized by the US Treasury.
