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Bought illegally: US authorities seize $3.4 billion in bitcoins After ceasefire: Tigray conflict negotiations enter next round

US authorities have announced the seizure of $3.4 billion in stolen bitcoins. The illegally obtained bitcoins were found in the home of a real estate entrepreneur last November.

This was announced by the federal prosecutor in New York on Monday. The 32-year-old man stole the bitcoins from the Silk Road portal ten years ago, which has been closed since 2013.

“Silk Road” belonged to the so-called dark web, a hidden part of the internet often used for illegal activities. The bitcoins found with the real estate entrepreneur are the second largest amount of cryptocurrency that US authorities have seized to date. Last February, authorities seized a record $3.6 billion in stolen bitcoins from a couple in New York.

According to investigators, the 32-year-old pleaded guilty last Friday to illegally acquiring more than $50,000 worth of bitcoins in September 2012. He faces up to 20 years in prison.

The man is said to have scammed Silk Road with lightning-fast transactions from about nine anonymous accounts. The Bitcoins that he got his hands on in this way increased enormously in value over the years. They were discovered during a raid on various devices at his home in Gainesville, Georgia. (sda/afp)

Soource :Watson

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