Feds seize $1 billion in bitcoin from Silk Road drug marketplace

Now we know who that mystery party is: the US Department of Justice, which in 2013 shut down Silk Road and went on to put its founder, Ross Ulbricht, behind bars for life. “The successful prosecution of Silk Road’s founder in 2015 left open a billion-dollar question.

“Criminal proceeds should not remain in the hands of the thieves,” said Internal Revenue Service Criminal Investigation Special Agent in Charge Kelly R. Jackson in a news release, according to the Chronicle. “Through CI’s Criminal Investigation expertise in following the money, we were able to track down the illicit funds.”.

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