The FBI Just Scooped up $28.5 Million in Bitcoin from Silk Road

As of Friday afternoon, the FBI had managed to seize 144,000 bitcoins from Silk Road's founder. Worth some $28.5 million in current exchange rates, that's the largest ever seizure of the cryptocurrency. But based on the Bitcoin trail uncovered in recent weeks, over $50 million could still be missing. » 10/25/13 4:03pm 10/25/13 4:03pm

Bitcoin Seized From Silk Road Is In A Highly Prankable FBI Wallet

Ross Ulbricht's arrest last week included an FBI seizure of about 26,000 Bitcoins. But you can't just stick Bitcoins under your mattress. Even if you're the FBI they have to be in a wallet somewhere. And people know where. Internet denizens found the wallet and have been contributing tiny sums, we're talking… » 10/06/13 6:13pm 10/06/13 6:13pm

Silk Road Kingpin Apparently Hid a Stash of $80 Million in Bitcoin

Ross Ulbricht, the recently arrested mastermind behind Silk Road, appeared in court today where his lawyer begged for more time before the detention hearing. The judge said he didn't "know what you're going to accomplish in the next several days." Maybe move some of his massive stash of hidden Bitcoin? » 10/04/13 4:09pm 10/04/13 4:09pm

Actually, the Alleged Silk Road Kingpin Hired a Hitman TWICE

There was already a lot of evidence that alleged Silk Road founder Ross Ulbricht (a.k.a. Dread Pirate Roberts) was not the world's greatest guy, and the condemning information just keeps rolling in. Newly surfaced legal documents say that the 29-year-old ordered not one but two hits on former associates. » 10/03/13 10:17am 10/03/13 10:17am

Feds Seize Silk Road, Everybody's Favorite Illegal Drug Website

Once upon a time, you could sign on to Silk Road and buy everything from LSD to Moon Rock molly with Bitcoin. That time is now over because the FBI along with a few other federal agencies have seized the domain and shutdown the drug-dealing site. The only question is, what took them so long? » 10/02/13 11:46am 10/02/13 11:46am