- The internet just collectively realized that the Neopets of the world must be hungry 4 Years Ago
- Alt-right message board 8chan was served a search warrant Today 3:06 PM
- O.J. Simpson just joined Twitter in the most bizarre fashion Today 1:20 PM
- Prominent phone-hacking firm says it can unlock any iPhone for law enforcement Today 12:39 PM
- Hundreds of police officers belong to extremist Facebook groups, investigation finds Today 9:31 AM
- How to watch Tyson Fury vs. Tom Schwarz online Today 8:00 AM
- ‘Late Night’ is a disappointing, tepid comedy Today 7:00 AM
- How to stream ‘Love It or List It’ for free Today 7:00 AM
- How to watch the 2019 Concacaf Gold Cup online for free Today 6:55 AM
- Borderlands 3 preview suggests the aging series can still hang with the cool kids Today 6:30 AM
- How to stream the 2019 College World Series for free Today 6:00 AM
- Police try to solve domestic violence by giving victims blunt kitchen knives Friday 5:40 PM
- Privacy activist Ola Bini detained for 2 months in Ecuador without charges Friday 5:01 PM
- Twitter says suspending ‘God’ for a pro-LGBTQ tweet was an ‘error’ Friday 4:14 PM
- ‘You were at my wedding Denise’ stirs controversy again with ‘lubed legs’ tweet Friday 3:31 PM
Silk Road agent pleads guilty to stealing more than $800,000 in Bitcoin
It’s a Deep Web spin on the classic tale of a cop gone corrupt.
This time it’s the Secret Service’s Shaun Bridges, who admitted to taking enough of the digital currency to cash out at $820,000.
Bridges, 32, was a member of the Electronic Crimes Task Force. That division was part of the circus trial against programmer Ross Ulbricht, who admitted in January that he’d created the Silk Road but denies playing a large hand in its operation. A court found otherwise, and Ulbricht is currently serving two life sentences for charges that include drug trafficking, money laundering, and hacking.
According to the plea bargain he signed, Bridges’s crime was a Deep Web spin on the classic tale of a cop gone corrupt. In Jan. 2013, as part of his investigation, he went undercover with administrator access to the site. He changed users’ passwords and transferred an approximate 20,000 bitcoins into his own wallet—worth around $350,000 at the time, and more than $4.6 million today. Two months later, he used the now-defunct Bitcoin trading service Mt. Gox—whose CEO, Mark Karpeles, was once rumored to be the mastermind behind the Silk Road—to cash out $820,000 into personal accounts in the U.S.
According to the U.S. Department of Justice, Bridges “admitted that he made multiple false and misleading statements to investigators.” Joshua Dratel, Ulbricht’s lead defense lawyer, had previously told the Daily Dot that he hoped Bridges’s guilty plea, as well as that of the Drug Enforcement Agency’s Carl Force, who admitted to taking more than $400,000 in Bitcoin, could help Ulbricht’s chances of getting a reduced sentence on appeal.
Bridges’s sentencing is scheduled for Dec. 7.
Photo via Wikimedia / wikipedia | Remix by Max Fleishman
A former senior politics reporter for the Daily Dot, Kevin Collier focuses on privacy, cybersecurity, and issues of importance to the open internet. Since leaving the Daily Dot in March 2016, he has served as a reporter for Vocativ and a cybersecurity correspondent for BuzzFeed.