by Khristopher J. Brooks, a reporter and video editor for CBS MoneyWatch –
Federal officials have seized more than $1 billion worth of stolen bitcoin linked to shuttered black market website Silk Road.
According to the U.S. Department of Justice, Silk Road enabled a range of criminal activities, including sales of illegal drugs and hacking. Its founder Ross Ulbricht was arrested in San Francisco in 2013 and convicted in 2015 by a New York federal jury of several criminal counts, including conspiracy to distribute narcotics and money laundering, according to the agency.
