The United States announced the seizure of $1 billion of bitcoin stolen by an individual from the Silk Road market.
On the third. On November 11th this week, the United States announced that it had seized a small $1 billion coin stolen more than half a century ago by a man on the Silk Road market.
The United States today filed a civil suit for the seizure of thousands of Bitcoins worth more than $1 billion, seized on October 3. In a DOJ press release, U.S. Attorney David L. Anderson, attorney for the Northern District of California, and Kelly R. Jackson, the Special Agent responsible for the IRS office in Washington, announced that the IRS was seized by law enforcement on November 11, 2020. This arrest is the largest seizure of crypto money in the history of the Ministry of Justice.
The fifth. On November 11, the United States filed a civil suit for forfeiture, the largest ever seizure of crypto money by the Department of Justice.
In October 2013, after years of investigation, the FBI closed the popular black market Silk Road, the site was published in the Tor network and seized by U.S. law enforcement.
According to the FBI, between February 2011 and July 2013, the Silk Road executed transactions worth $1.2 billion for 957,079 users, with a total revenue for Ulbricht of nearly $80 million.
At that time, the FBI infiltrated the illegal site and identified Ross Ulbricht as the alleged owner of the illegal portal. FBI agents bought over 100 drugs during the investigation.
The investigation was supported by a number of government agencies, including the Department of Homeland Security and the US Border Patrol.
The founder, also known as Dred Pirate Roberts, was arrested in San Francisco in 2013 and is believed to own 26,000 bitcoins with an estimated market value of $3.6 million.
The complaint alleges that the Silk Road has been used by thousands of drug traffickers and other illegal sellers to distribute hundreds of kilos of illegal drugs and other illegal goods and services to more than 100,000 buyers and to launder hundreds of millions of dollars from these illegal transactions. At the time of the removal in 2013, there were almost 13,000 lists of controlled substances on the Silk Road and many other lists of illegal services such as hacking and contract killings. These sales generated more than 9.5 million Bitcoins in revenue and more than 600,000 Bitcoins in commissions.
Silk Road’s turnover is estimated at more than 9.5 million Bitcoins, which means that total commissions amount to more than 600,000 Bitcoins.
According to the complaint, in 2020 IRIS agents identified 54 previously unidentified transactions with bitcoins related to the silk route. These transfers were linked to money that would have been stolen from the Silk Road in about 2012 and 2013.
Approximately 69,471 bit coins (about $14 million at the time) were sent from various wallets to the wall with the address 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx (1HQ3). Around 9:00 a.m. As of April 2013, Bitcoin addresses that received 70,411.46 Bitcoin
from the Silk Road had sent 69,471.082201 (approximately $14 million at the time of shipment) to
1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx (hereinafter referred to as 1HQ3).
Around 9:00 a.m. In April 2013, Bitcoin addresses that received 70,411.46 Bitcoins from Silk Road sent 69,471,082201 (approximately $14 million at the time of the transfer) to
1HQ3Go3ggs8pFnXuHVHRytPCq5fGGG8Hbhx (hereinafter 1HQ3) … read the complaint.
Around the 23rd. Around April 2015, in the first half of 2013, BTC-e, which provided Bitcoin-related services and operated as an unlicensed cryptographic agency, sent 101 Bitcoins (approximately $23,700) to BTC-e. In January 2017, BTC-e and the Russian operator BTC-e were indicted in the Northern District of California for carrying out unlicensed money transfers and money laundering via an exchange.
On the fourth. In November, the value of a cryptocoster in a portfolio exceeded $1 billion.
According to the complaint, the funds on the Silk Road were stolen by an anonymous hacker, who was also threatened by Ulbricht, who revealed his identity.
The identity of person X is known to the government, who is aware of his involvement in a transaction relating to 1HQ3 or
.
On the third. In November, person X forwarded Bitcoin’s address to the U.S. legislature.
The Silk Road was the most notorious criminal online marketplace of its time. The court case against the founder of the Silk Road in 2015 left a billion dollars’ worth of questions unanswered. What happened to the money? Today’s complaint about the seizure answers, at least in part, this open question. A billion dollars of these proceeds of crime are now available to the United States, Attorney General David L. The United States is not only a victim of crime, he said. Anderson from the Northern District of California.
Pierluigi Paganini
(Safety issues – Piracy, Silk Road)
Part
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