US authorities announce conviction connected to Bitcoin stolen from Silk Road
U.S. Attorney Damian Williams cited “state-of-the-art cryptocurrency tracing” and “good old-fashioned police work” in the authorities recovering the stolen Bitcoin. The United States Attorney’s Office for the Southern District of New York has announced that an individual has pled guilty to wire fraud charges connected to “unlawfully obtained” Bitcoin from the Silk Road marketplace in 2012.In a Nov. 7 announcement, the U.S. Justice Department said James Zhong pled guilty to wire fraud charges related to executing a scheme to steal roughly 50,676 Bitcoin (BTC) from Silk Road. Authorities....
Related News
Editor's Note: The transactions revealed by Defcon only show a total of 4474.26 BTC stolen from presumably only escrow accounts. This sum comes from transactions by attacker 1 only, and do not include the "contributions" of attackers 2 and 3. The previous incorrect estimate of "over 88,000 BTC" came from user estimates of all funds previously on Silk Road 2.0's wallets, or all funds in the wallets of the suspected attackers. Varying reports of the total amount stolen from Silk Road 2.0 stem from inherent vagueness in Defcon's words. The only concrete estimate, taken from Blockchain data....
A few days ago here at CCN we reported that Bitcoin's black mark Silk Road 2.0 had been hacked. Defcon, in a long post to Silk Road 2.0 forums on Tor, explained that three attackers had used the transaction malleability bug to steal over 4,763 BTC directly from Silk Road's hot wallet. Original estimates still haven't been confirmed but Defcon himself reports that 47% of all users had lost all of their funds. As always, I must warn readers that the majority of things on the Deepweb are not in any way shape or form trustworthy. It is my, and the good Government's advice, to stay away from....
Federal prosecutors say details about the second arrest of Shaun Bridges, a former U.S. Secret Service agent charged with stealing in the Silk Road investigation, must remain sealed, in part, because they believe there are one or more co-conspirators, according to a filing in the U.S. District Court for the District of Maryland. Authorities charged Bridges and former DEA agent Carl Force with stealing from Silk Road during the investigation following the trial and conviction of Ross Ulbricht, the mastermind of the online drug marketplace who went by the name, “Dread Pirate Roberts.”....
Global assurance, tax and advisory services firm, Ernst & Young, will facilitate a first-of-its-kind Bitcoin sale process in Australia on June 20. Going by its current rate (1 BTC = $526), the 24,518 Bitcoins up for grabs, split into 11 lots of 2,000 coins and one lot of approximately 2,518, are worth about $13 million. The Bitcoins are proceeds of crime as part of the civil forfeiture connected to the conviction of Ross Ulbricht for running the Silk Road drug marketplace last year. Silk Road treasure brought to the hammer. 144,000 Bitcoins were seized from Ulbricht after he was found....
The ex-Secret Service agent convicted of stealing bitcoin during Silk Road investigation may haves stolen another $700,000 in bitcoin from the Secret Service. It has been over a year since the news about the involvement of two law enforcement agents from the US Drug Enforcement Agency (DEA) and US Secret Service in the theft of bitcoin belonging to Silk Road hit the stands. Shaun Bridges, the convicted ex-Secret Service agent is again in the news for allegedly stealing $700,000 worth of bitcoin after he pled guilty the first time. Shaun Bridges is currently serving a six-year sentence....