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An unassuming, Mormon family man. A brilliant physics and engineering student with a goofy smile. Five years ago, neither of these men knew each other, let alone suspected that they'd be drawn into a web suffused with libertarian dogma, hard drugs and the sort of rhetorical dedication that alleged...

4 days ago 0 Comments
May 22, 2015 at 1:34PM
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Next week, the US Marshals will auction-off the $18 million or-so worth of Bitcoin that the FBI gained when it seized the online black market Silk Road. It turns out, however, that it's not just the usual coterie of geeks and libertarians who are interested in a piece of Russ Ulbricht's action. A ...

11 months ago 0 Comments
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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...

11 months 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