US Announces ‘Historic $3.36 Billion Cryptocurrency Seizure’ as Silk Road Bitcoin Thief Pleads Guilty

US Announces 'Historic $3.36 Billion Cryptocurrency Seizure' as Silk Road Bitcoin Thief Pleads GuiltyThe man who stole over 50,000 bitcoins from the Silk Road marketplace has pleaded guilty. According to the U.S. Department of Justice, “the seizure was then the largest cryptocurrency seizure” in the history of the DOJ and “remains the department’s second-largest financial seizure ever.” Silk Road Exploiter Pleads Guilty The U.S. Department of Justice (DOJ) […]

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Seized Silk Road Bitcoin Worth $3 Billion Likely Linked to Disgraced US Secret Service Agent

$3 Billion Worth in Bitcoin Seizure in Silk Road Case Likely Linked to Disgraced US Secret Service AgentOver $3 billion worth in bitcoin seized by the U.S. Department of Justice (DOJ), belonging to Silk Road, are likely linked to a former U.S. Secret Service agent. The latest findings suggest that “Individual X” is, in fact, Shaun Bridges. Bridges Is Set to Be Freed in November Per recent court filings, cited by Fortune, […]

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A Look at ‘Individual X’ and the Seized Stash of Silk Road Bitcoins Worth $1 Billion

A Look at 'Individual X' and the Seized Stash of Silk Road Bitcoins Worth $1 BillionOn November 3, 2020, the cryptocurrency community noticed that one of the largest addresses holding 69,369 bitcoins from the Silk Road were transferred. Following the onchain movement, the U.S. government revealed it had seized the coins from a person they dubbed “Individual X.” The following is an in-depth look at what we know about the […]

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US Seizes Previously Undetected Silk Road Bitcoins Worth Over $1 Billion

US Seizes Previously Undetected Silk Road Bitcoins Worth Over $1 BillionThe U.S. government has seized over $1 billion in bitcoin from previously undetected transactions associated with the Silk Road marketplace and is now seeking the forfeiture of the cryptocurrency. US Confiscates $1 Billion in Bitcoin From Silk Road The U.S. government has filed a lawsuit seeking the forfeiture of bitcoin currently worth over $1 billion […]

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