The Justice Department seized more than $2.3 million worth of cryptocurrency that was used as a ransom payment to hackers who targeted the Colonial Pipeline in a cyber attack last month.
A former Secret Service agent who illegally accessed the now-defunct Silk Road website and stealing bitcoin was sentenced Monday to nearly six years in prison and ordered to pay $1 million for the siphoned currency.
A former Secret Service agent accused of pocketing $820,000 worth of Bitcoin money while investigating the Silk Road online drug marketplace has pleaded guilty to money laundering and obstruction of justice.
By Steve Neavling ticklethewire.com A former Secret Service agent has pleaded guilty to stealing hundreds of thousands of dollars worth of bitcoin during an investigation of Silk Road, the Examiner.com reports. The former agent, Shaun W. Bridges, was accused of skimming $820,000 from the Silk Road seizure and was charged. The computer crime expert was…
By Steve Neavling ticklethewire.com Two former federal agents are accused of stealing bitcoins while investigating the online drug marketplace Silk Road. The Huffington Post reports that Carl Force, 46, a former DEA special agent, and Shaun Bridges, 32, an ex-special agent with the Secret Service, were arrested and charged, the Justice Department announced Monday. Force…
Steve Neavling ticklethewire.com The U.S. government plans to unload nearly 30,000 bitcoins – valued at $17.3 million – during an auction later this month after seizing the currency as part of an FBI crackdown last year on an illicit online marketplace for drugs, the Wall Street Journal reports. Some of the bitcoins seized from Silk Road …
Steve Neavling ticklethewire.com Authorities knew him as the “Dread Pirate Roberts” and the founder of the largest online marketplace for illegal drugs. His sophisticated site, called Silk Road, made it nearly impossible for authorities to trace him or the users because of an encryption network and digital currency called “bitcoin.” But FBI agents finally tracked…
Steve Neavling ticklethewire.com Investigators have struggled for two years to stop an online, underground marketplace from selling more than $1 billion in cocaine, heroin, ecstasy and other illicit drugs in exchange for a virtual currency called Bitcoin, The Verge reports. But now it appears the FBI has snagged the mastermind, Ross Ulbricht, who is being…
