In a Nov. 5 filing, the U.S. Department of Justice revealed that it is seizing nearly 70,000 bitcoins and several other cryptocurrencies that were stolen from the infamous Silk Road darknet market. The Nov. 3 transfer gained a lot of attention in the cryptocurrency community, with blockchain intelligence firm CipherTrace speculating that either the wallet’s owner was moving the bitcoins to a more up-to-date wallet address, or that another hacker had cracked the wallet.
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Criminals are using bitcoin more than ever for illegal activity
If police shut down one darknet market, another one opens
After a small dip in criminal activity in 2018, total dark market activity, which included mainly drug sales but also things like stolen credit cards, soared 70% in 2019 to more than $790 million, according to a report released Tuesday by cryptocurrency forensic firm Chainalysis.
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Bitcoin criminal Ross Ulbricht does not like prison
Thursday’s Medium post was a new move aimed at humanizing a person who did most of his crimes under a screen name from behind a computer
Time’s are tough for Silk Road Founder and hitman-hirer Ross Ulbricht. He is serving double-life plus 40 years without the possibility of parole for running a website that sold guns, drugs, and murders for bitcoin. Now he wants the world to see prisoners through his own eyes. It’s not going well.
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A simple timestamp on an email may cost Craig Wright $6 billion
Cybersecurity expert who nailed Silk Road’s founder might have proved Craig Wright isn’t Satoshi Nakamoto
Matthew Edman, the cybersecurity expert who took down crypto kingpin Ross Ulbricht, has now set his sites on nChain’s Craig Wright. The estate of Wright’s former partner is suing him for billions of dollars. Modern Consensus has acquired a signed affidavit from Edman which accuses Wright of submitting a provably forged email.
