One other Silk Street spy plead responsible to laundering bitcoins

Another Silk Road spy plead guilty to laundering bitcoins

$820,000. That is how a lot former Secret Service agent Shaun Bridges pilfered in bitcoin throughout his time investigating the web blackmarket, Silk Street. Bridges plead responsible to cash laundering and obstruction of justice just lately and the Division of Justice says that it was analyzing the “block chain and knowledge” from Silk Street’s servers that lead the breadcrumb path of ailing-gotten features again to him. Bridges funneled his 20,000 bitcoins, at the moment value $350,000, by means of a collection of “complicated transactions” with a cease at Mt. Gox earlier than transferring them into US dollars in early 2013. It is not almost as flagrant as his colleague Carl Drive’s transgressions (a film deal? Critically?), however the sum of money Bridges tried stealing was an terrible lot greater.

As a lawyer for Silk Street mastermind Ross Ulbricht, Dread Pirate Roberts, tells Reuters that the fees Bridges faces illustrate “the corruption that pervaded” the whole Silk Street saga. He is not incorrect, however since Ulbricht’s protection group has filed some 5 requests for a mistrial thus far, it is arduous to take a variety of what he says significantly.

[Image credit: AFP/Getty Images]

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