Feds seize stolen bitcoin worth more than $1 billion

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.


About Radnor Reports

Ken Feltman is past-president of the International Association of Political Consultants and the American League of Lobbyists. He is retired chairman of Radnor Inc., an international political consulting and government relations firm in Washington, D.C. Known as a coalition builder, he has participated in election campaigns and legislative efforts in the United States and several other countries.
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