25 Oct '13, 5pm

FBI Says It's Seized $28.5 Million In Bitcoins From Ross Ulbricht, Alleged ... - Forbes #bitcoin

FBI Says It's Seized $28.5 Million In Bitcoins From Ross Ulbricht, Alleged ... - Forbes #bitcoin

An FBI official tells me that the bureau has located and seized a collection of 144,000 bitcoins, the largest seizure of that cryptocurrency ever, worth close to $28.5 million at current exchange rates. It believes that the stash belonged to Ross Ulbricht, the 29-year-old who allegedly created and managed the Silk Road, the popular anonymous drug-selling that site was taken offline by the Department of Justice after Ulbricht was arrested earlier this month and charged with engaging in a drug trafficking and money laundering conspiracy as well as computer hacking and attempted murder-for-hire.

Full article: http://www.forbes.com/sites/andygreenberg/2013/10/25/fbi-...

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