Blog Archives

FBI claims no illegal techniques used in Silk Road case, security experts disagree

Posted on 10th September, 2014

On Friday, the FBI released a 58-page filing outlining the various investigation techniques used to unearth the details that ultimately resulted in the closure of online black marketplace Silk Road and the capture of its alleged mastermind, Ross “Dread Pirate Roberts” Ulbricht. The filing, written by FBI agent Christopher Tarbell, was a response to a […]

Falcon Global Capital bids on seized Silk Road Bitcoins

Posted on 25th February, 2014

When the FBI took down the original Silk Road operation last October, it also seized 29,655 Bitcoin from the site. At peak prices, the seized coins were worth $35.5 million, but thanks to the volatility of the current market, they’re currently worth less than half that amount. Last month, the US Attorney’s Office of the […]

Feds lose $31 million from seized Silk Road Bitcoins

Posted on 15th February, 2014

In October of last year, the FBI seized 144,336 Bitcoin from accounts belonging to the Silk Road black market site. By the start of 2014, those coins were valued at around $114 million. Unfortunately, Bitcoin’s value has taken quite a hit in recent months, resulting in a net loss to the Federal government of nearly […]