FBI Seized 144,000 Bitcoins ($28.5 Million) From Silk Road Bust 162
SonicSpike writes "An FBI official notes that the bureau has located and seized a collection of 144,000 bitcoins, the largest seizure of that cryptocurrency ever, worth close to $28.5 million at current exchange rates. It believes that the stash belonged to Ross Ulbricht, the 29-year-old who allegedly created and managed the Silk Road, the popular anonymous drug-selling site that was taken offline by the Department of Justice after Ulbricht was arrested earlier this month and charged with engaging in a drug trafficking and money laundering conspiracy as well as computer hacking and attempted murder-for-hire. The FBI official wouldn't say how the agency had determined that the Bitcoin 'wallet' — a collection of Bitcoins at a single address in the Bitcoin network — belonged to Ulbricht, but it was sure they were his. 'This is his wallet,' said the FBI official. 'We seized this from DPR,' the official added, referring to the pseudonym 'the Dread Pirate Roberts,' which prosecutors say Ulbricht allegedly used while running the Silk Road."
Re:Here is my question.... (Score:2, Funny)
"If the feds have seized the file he had with them in it, would someone be able to sped a copy of that file? "
That's exactly right. The new Dread Pirate Roberts already spent them, even if the FBI finds that 'Inconceivable!'
They keep using that word, but I don't think it means what they think it means.
Re:Worth $28 million? No. (Score:2, Funny)
Because FBI thinks they seized 144000 BTC, not $28mln or $14mln. USD numbers are claimed as a fact by PR people and news outlets to make good headlines.
PS: It's spelt "incompetent", you moran.