Feds Seize Millions in Silk Road-Related Bitcoins
- OurStudio
- Oct 26, 2013
- 1 min read
Federal agents seized a fat electronic wallet full of bitcoin, a virtual currency, owned by the alleged mastermind of the illicit Silk Road digital underworld, court papers unsealed Friday said.
The electronic wallet holding 144,336 bitcoins worth $29 million was found on computer hardware allegedly belonging to Ross Ulbricht, 29, who was arrested Oct. 1 at a public library in San Francisco. Silk Road was an illegal drug bazaar that operated in the cyber underworld.
Ulbricht is charged with money laundering, drug dealing, computer hacking and murder-for-hire in courts in Baltimore and New York.
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