30 Jan '15, 4am

Silk Road trial: FBI traced $13mn in bitcoin to Ulbricht

Silk Road trial: FBI traced $13mn in bitcoin to Ulbricht

​Silk Road trial: FBI traced $13mn in bitcoin to Ulbricht Published time: January 30, 2015 04:37 Get short URL The homepage to Silk Road 2.0, allegedly an underground drug market, is seen in a screenshot after it was closed by U.S. authorities (Reuters/Staff) Tags Bitcoin , Court , Crime , Drugs , FBI , Hacking , Internet , Law , USA A former FBI agent testified that he directly traced millions in bitcoin to the personal computer of the man accused of running the underground drug website Silk Road, but privacy advocates continue to raise concerns over how the evidence was gathered. According to testimony from former FBI agent Ilhwan Yum on Thursday, more than 3,760 bitcoin transactions were traced directly from Silk Road servers to Ross Ulbricht over the course of 12 months ending in August 2013, Wired reported. The digital currency was used to make illegal drug transactio...

Full article: http://rt.com/usa/227707-silk-road-trial-millions-bitcoin/

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