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The Feds Seized $1 Billion in Stolen Silk Road Bitcoins

A hacker identified only as Individual X had been sitting on a cryptocurrency gold mine for seven years prior to the IRS came knocking.More than seven years have passed since Ross Ulbricht was arrested in the science fiction portion of a San Francisco library and faced with running the sprawling, dark web drug bazaar called the Silk Road. But once the Feds laid on the job Ulbricht’s laptop that day, they found keys to unlock merely a fraction of the bitcoins that he had amassed on the Silk Road’s years of bustling black world market onion drug trade. Today the Justice Department finally revealed the place where a billion-dollar tranche of the Silk Road’s treasure wound up: stolen by a mystical hacker, and now seized by the US Treasury.

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