This was announced Monday by the Federal Attorney’s Office in New York. The 32-year-old man stole bitcoins ten years ago from the Silk Road portal, which has been closed since 2013.
The «Silk Road» belonged to the so-called dark web, a secret part of the Internet often used for illegal activities. The real estate entrepreneur’s bitcoins are the second-largest cryptocurrency ever seized by the US authorities. Last February, authorities confiscated a record $3.6 billion in stolen bitcoin from a New York couple.
According to investigators, the 32-year-old was found guilty of illegally purchasing more than $50,000 in Bitcoin last Friday, September 2012. He faces up to 20 years in prison.
The man reportedly defrauded Silk Road using lightning-fast transactions from around nine anonymous accounts. The value of the Bitcoins he seized in this way has increased tremendously over the years. They were discovered during a raid on various devices at his home in Gainesville, Georgia.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
