Bitcoin News and Finance
Seized Silk Road Bitcoin Worth $3 Billion Likely Linked to Disgraced US Secret Service Agent Skip to main content

Seized Silk Road Bitcoin Worth $3 Billion Likely Linked to Disgraced US Secret Service Agent

$3 Billion Worth in Bitcoin Seizure in Silk Road Case Likely Linked to Disgraced US Secret Service Agent

Over $3 billion worth in bitcoin seized by the U.S. Department of Justice (DOJ), belonging to Silk Road, are likely linked to a former U.S. Secret Service agent. The latest findings suggest that “Individual X” is, in fact, Shaun Bridges.

Bridges Is Set to Be Freed in November

Per recent court filings, cited by Fortune, the 69,370 bitcoins taken by the law enforcement also have possible ties with Carl Mark Force IV, a former official from the Drug Enforcement Administration (DEA). Both agents were part of the investigations related to the now-defunct darknet marketplace.

Although the report cannot be taken as a legal confirmation of Bridges’ relation with the BTC seized, Fortune pointed out that some clues in a DOJ statement shed some light about it:

Individual X was able to hack into Silk Road and gain unauthorized and illegal access to Silk Road and thereby steal the illicit cryptocurrency.

It’s worth noting that the disgraced U.S. Secret Service agent was convicted for using an informant’s credentials in the Silk Road case to steal BTC from the vendors. He got a sentence of 71 months in prison in 2015.

Afterward, Bridges served an additional two-year sentence in 2017 after pleading guilty to money laundering charges. He’s expected to be a free man in November 2021, as he’s still in a Nashville federal prison.

Disgraced US Agent Likely Has Secret Crypto Wallets

However, more clues arose during the whole case after some reports made the headlines in 2016. Bridges planned unsuccessfully to flee the country, as he tried to apply for citizenship in foreign countries.

Fortune says such a flight plan could suggest that he might have other secret crypto wallets to fund its escape.

As of now, the “Individual X” wallet contains a similar amount — of the BTC seized — in other cryptos such as bitcoin cash (BCH), bitcoin gold (BTG), and bitcoinsv (BSV).

According to court filings, Ross Ulbricht — who the U.S. government claims is the mastermind behind Silk Road and currently spends a double life imprisonment sentence — stated that he wouldn’t take any legal claims BTC seized.

Our newsdesk published in November 2020 an in-depth outlook about the Silk Road bitcoin address that was seized by the U.S. authorities.

What do you think about a possible link between disgraced Secret Service agent and Silk Road’s bitcoins seized? Let us know in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...
Post a Comment
Read more

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...
Post a Comment
Read more

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...
Post a Comment
Read more

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Post a Comment
Read more
Blogarama - Blog Directory