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Friday, January 30, 2015

Prosecutors present evidence in Silk Road trial that links $13.4M in Bitcoins to Ulbricht's laptop

Since his arrest in October 2013, alleged Silk Road mastermind Ross Ulbricht has maintained that the Bitcoins confiscated by the FBI do belong to him and are a result of early investments he made in the cryptocurrency not proceeds from running an illegal online drug marketplace. Former FBI special agent Ilhwan Yum took the stand to describe how he traced 3,760 Bitcoin transactions over the course of a year ending in August 2013.

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