- Super Smash Bros. Ultimate player’s trans flag removed for being ‘political’ Monday 7:37 PM
- Does Donald Trump Jr. know what American soldiers do? Monday 7:17 PM
- Sophie Turner has a hot take on Arya’s ‘Game of Thrones’ sex scene Monday 6:50 PM
- Parked Tesla Model S bursts into flames in shocking video Monday 3:12 PM
- Fortnite is getting an Avengers Endgame event Monday 2:44 PM
- The living are facing the end of the world in the latest ‘Game of Thrones’ Monday 2:37 PM
- The best Korean beauty toners for your skincare routine Monday 2:33 PM
- Warren’s plan to cancel student debt stimulates the bad-take economy Monday 2:27 PM
- Video shows Easter Bunny punching man on sidewalk Monday 2:09 PM
- The 7 best lubes for when you wanna do butt stuff Monday 2:00 PM
- 11 best sex toys under $35 to blow your mind Monday 1:30 PM
- Twitch streamer inadvertently documents all the times she was sexually, verbally harassed on vacation Monday 1:12 PM
- Raptors coach Nick Nurse becomes a relatable meme Monday 1:12 PM
- Man wears bandage that blends in with his skin tone, and Twitter has all the feelings Monday 12:55 PM
- The 8 best Korean sunscreens to add to your bag Monday 12:15 PM
FBI seizes $28.5 million in Bitcoin from alleged Silk Road owner
The Bureau says it’s found another one of accused Deep Web tycoon Ross Ulbricht’s bitcoin stashes.
After weeks of speculation about what will happen to the millions of dollars made at the Deep Web black market Silk Road, the FBI has just taken a big step toward its goal of confiscating the now-shuttered site’s entire stash.
The Bitcoin address now known as DPR Seized Coins finished receiving the mass of cryptocurrency early this morning, an FBI official told Greenberg. Authorities are also eyeing 110,000 bitcoins ($22 million) in a separate wallet that they believe also belonged to Ulbricht.
The FBI’s Bitcoin address for the seizure is getting so much attention that opportunists have begun using it as an advertising platform. By sending just an infinitesimal amount of Bitcoin, equivalent to a fraction of a cent, they can have any URLs immediately featured at the top of the page. Advertisers selling everything from USB sticks to iOS apps have spent money to hock their wares next to DPR’s Bitcoins.
At some point in the future, the FBI plans on selling off the seized Bitcoins. If that happens, the bullish Bitcoin rally over the past month would be a big boon to their bank account. The average price of Bitcoins is currently sitting at $182, up $50 from the day Silk Road was seized.
Patrick Howell O'Neill is a notable cybersecurity reporter whose work has focused on the dark net, national security, and law enforcement. A former senior writer at the Daily Dot, O'Neill joined CyberScoop in October 2016. I am a cybersecurity journalist at CyberScoop. I cover the security industry, national security and law enforcement.