The Feds Seized $1 Billion in Stolen Silk Road Bitcoins

A hacker identified only as Individual X have been sitting on a cryptocurrency gold mine for seven years ahead of the IRS came knocking.More than seven years have passed since Ross Ulbricht was arrested in the science fiction part of a San Francisco library and charged with running the sprawling, dark web drug bazaar known as the Silk Road. But when the Feds laid on the job Ulbricht’s laptop that day, they found keys to unlock only a fraction of the bitcoins he had amassed over the Silk Road’s years of bustling black market drug trade. Today the Justice Department finally revealed where a billion-dollar tranche of the Silk Road’s treasure ended up: stolen by a strange hacker, and now seized by the US Treasury.