Feds seize $1B in Bitcoin from mystery man in connection to Silk Road

posted 25 days ago
The U.S. Justice Department announced it has seized nearly 70,000 Bitcoins from a person the agency would describe only as "Individual X." The news is remarkable because of the value of Bitcoin seized—the haul is worth around $1.05 billion based on today's Bitcoin price of $15,000—but also because of the timing and the mysterious nature of the seizure.

According to a Justice Department complaint, the digital wallet holding the Bitcoins belonged to a hacker who stole them from the operator of the Silk Road, a notorious website that acted as a giant online bazaar.
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