Reports suggest that 69k Bitcoins with ties to the Silk Road have been pushed out of the world's fourth-largest Bitcoin address. Speculations link site creator Ross Ulbricht to the move.
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A court has rejected an appeal from the Silk Road drug market founder, Ross Ulbricht. He will continue to serve his life sentence that he was handed for drug trafficking and money laundering.
Crooked Secret Service agent Shaun Bridges has been sentenced to 71 months in prison for stealing over $800,000 in Bitcoin and obstructing the investigation against the drug site, Silk Road.
In the US trial against Mr. Ulbricht, prosecutors have stated that the alleged creator and operator of the Silk Road underground market operated like a traditional drug lord.
Dark net sites hide a user's identity by routing their traffic through a series of computers. They have been associated with illegal activity so many of them are being shut down in a global raid.
The US is going to sell its hoard of nearly 30,000 Bitcoins accumulated from the FBI's closure of the Silk Road last year in blocks of 3,000 BTC in an online public auction on June 27th.
Two operators of Bitcoin exchanges have been arrested and charged with money laundering, with federal officials claiming they sold over $1 million in Bitcoins to the now shut down Silk Road site.
Last year authorities shut down the biggest online drug trading website on the dark web. When Silk Road was shut down authorities also seized a large number of bitcoins from the sites ownership.
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