26 Oct '13, 1am

Feds announce largest-ever Bitcoin seizure #business

Feds announce largest-ever Bitcoin seizure #business

There are currently about 11.9 million bitcoins in circulation, according to the website Blockchain. NEW YORK (CNNMoney) Federal officials announced the largest-ever seizure of bitcoins on Friday night, securing $28 million worth of the digital currency from the alleged owner of the online drug marketplace Silk Road. Bitcoin , which allows users to conduct online transactions while obscuring their identities, was the only currency accepted on Silk Road. Law enforcement officials arrested the site's alleged proprietor, Ross Ulbricht, earlier this month, and have shuttered the operation. Ulbricht faces a potentially lengthy prison sentence for charges ranging from narcotics trafficking to computer hacking to money laundering. Federal officials have now seized over $33.6 million worth of bitcoins in connection with the case. "This seizure sends a clear notice to those who thi...

Full article: http://money.cnn.com/2013/10/25/news/economy/bitcoins-sil...

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

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Share on Facebook Share on Twitter Share on LinkedIn Share on Google+ Bitcoin down 10% as FBI announces seizure of another...

FBI makes record $28 million Bitcoin bust

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FBI makes record $28 million Bitcoin bust Published time: October 26, 2013 08:57 Get short URL Reuters/Jim Urquhart Tags C...

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abc.net.au 26 Oct '13, 9am

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