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Yesterday, former Secret Service agent Shaun Bridges was sentenced to 71 months in prison for stealing bitcoin during the Silk Road investigation, ABC News reported. The 33-year-old agreed to pay $1.1 million for the theft of around $820,000 worth of bitcoin. Bridges also pleaded...

Today, the United States government started the final auction for bitcoin seized during the prosecution of Silk Road founder Ross Ulbricht. Yahoo News reports the auction began at 8:00 a.m. Eastern Time. Over 44,000 bitcoins are up for auction, consisting of 21 blocks of 2,000...

A former U.S. Drug Enforcement Administration agent was sentenced to 78 months, or 6.5 years (six years and six months) in prison on Monday for Bitcoin theft during the probe of Silk Road by the government and for clandestinely asking for payment from the online black market’s...

The U.S. Justice Department announced Monday charges against two former federal agents who are accused of stealing Bitcoin during the investigation into Silk Road, reported Reuters. Shaun Bridges, a special agent with the Secret Service, and Carl Force, a former Drug Enforcement...

Inspired from this post on Reddit’s r/DarkNetMarkets What if the fateful day when FBI agents seized Ross Ulbricht’s laptop, open and unencrypted, never occurred? What if the Silk Road operated today in its original form, circa 2013? Would the online drug trade function...

On Friday, Charlie Shrem was sentenced to two years in prison for indirectly helping to transfer $1 million in Bitcoins to the online black-market bazaar Silk Road, report several media outlets. US District Judge Jed Rakoff also ordered Shrem – a former vice chairman of the...

The Silk Road, shut down by the FBI in October of last year, was undeniably an enormous factor in the illegal international drug trade, and its creator/operator appears to be guilty of many crimes. Yesterday, however, Ross Ulbricht, the man alleged to be the kingpin behind the...

We reported last month that the U.S. Marshals Service had elected to launder and auction approximately 30,000 Bitcoins seized from the FBI’s raid on Silk Road. While it’s not clear that the seizure was entirely legal, there’s a lot of money at stake, and a lot...

According to a recent study, drug customers on Silk Road were responsible for reducing rates of drug violence and making the drug trade a gentler (if nerdier) industry. But how many people did Silk Road really save? It’s impossible to know for certain, of course, but in the...

Way back in 2013, the Silk Road, long-time cryptanarchist fantasy and boogeyman of Tor, was seized and shut down when the FBI identified the parties involved and gained physical access to the server that ran the hidden service. During the seizure, the FBI came into possession of...