NY US Attorney: $28M in bitcoins seizedOctober 25, 2013 @ 6:35 pm
NEW YORK (AP) - The United States Attorney in New York says about $28 million worth of bitcoins have been seized from a man charged with operating a notorious online drug marketplace known as Silk Road.
U.S. Attorney Preet Bharara (buh-RAH'-ruh) said Friday more than 144,000 bitcoins were found on computer hardware belonging to Ross William Ulbricht.
Federal authorities in New York have charged Ulbricht with three felonies related to the operation of the website. He was sent to New York from California earlier this month.
The federal public defender who represented Ulbricht in California declined to comment. His New York attorney didn't immediately return messages.
Silk Road gained notoriety as a black market bazaar where drugs could be bought and sold using bitcoins, a form of online cash.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Car Prowl Hot Spots
A new Seattle police study shows where you're most likely to get car prowled
What Are They Building?
It's hard not to notice a cluster of construction cranes over Seattle's Roosevelt neighborhood
Find holiday events, Santa photo opportunities, and light displays
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.