The legal decision marks the end of the road for a years-long legal battle over 69,370 Bitcoins, seized in 2020 from an unidentified hacker referred to in court documents as “In ...

According to an IRS-CI affidavit detailing Zhong's theft of the 50,000-plus bitcoins from the Silk Road, he appears to have found a vulnerability in that dark-web market that in 2012 allowed him ...

Over the four years that it has taken the US government to establish legal ownership of that massive sum of bitcoins—identified by the IRS as stolen proceeds of the Silk Road dark-web drug ...

Silk Road was the first example of bitcoin’s ability to be used as an actual currency — a true financial facilitator of exchange between individual parties. Silk Road collected revenues of roughly 9.5 ...

The government has recovered over 50,000 Bitcoin that were stolen from The Silk Road in 2012. The coins were worth over $3 billion when they were seized by investigators.

Nearly $2 billion worth of forfeited bitcoin (BTC) linked to the Silk Road website were moved to crypto exchange Coinbase Prime on Monday. A wallet tagged as "U.S. Government: Silk Road DOJ ...

Ulbricht-tied wallets still have Bitcoin . Ulbricht ran Silk Road, which used Bitcoin for its payments, until 2013 when he was arrested and sentenced to a double life sentence plus 40 years in 2015.

Silk Road creator Ross Ulbricht was convicted in 2015 of seven counts of enabling illegal drug sales via bitcoin. He was sentenced to life in prison, and lost an appeal in 2017.

But some of the Bitcoin was missing, all traceable from the Silk Road addresses. About 50,000 had been stolen from Silk Road’s hot wallets back in September 2012. It was not a sophisticated hack.

Kate Nalepinski is a Newsweek journalist based in New York City. Kate joined Newsweek in May 2024. She is a graduate of Ithaca College. Trump, who first proposed to pardon the Silk Road creator ...

A Georgia man who stole more than 50,000 Bitcoin from the Silk Road drug-trafficking site before his cache hit $3.35 billion in value was ordered to serve a year and a day in prison.

Silk Road showed people that bitcoin could be effectively used as a medium of exchange on an open marketplace. This is an opinion editorial by Jacob Kozhipatt, a YouTuber and writer. For the ...