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Despite Ross Ulbricht's emotional plea for leniency in court today, Judge Katherine Forrest has sentenced him to life in prison. He was facing a minimum of 20 years up to the maximum life sentence after he was found guilty of money laundering, narcotics trafficking and computer hacking. Under the ...

1 month ago 0 Comments
May 29, 2015 at 4:12PM
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When the FBI seized Silk Road and the assets of its founder, it inadvertently became the owner of one of the world's largest Bitcoin hoards. Just six months later, the US has decided that it wants to sell the smaller, Silk Road-owned portion of the stash, made up of 30,000 BTC worth around $18 mil...

1 year ago 0 Comments
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If we're honest, asset seizures are inherently hilarious. After all, for every sports car that's flogged to boost the public purse, there must be an unsaleable giant mechanical heron just gathering dust in a federal warehouse. After shutting down Silk Road, the US has now gained a slightly more us...

1 year ago 0 Comments