Silk Road Hacker’s $3.36 Billion in Bitcoin Seized

Almost one year after a billion-dollar seizure of dark web’s crypto, the same agency discovered another massive treasure hidden under a different hacker’s floorings.

Dark web drugs market that is broadly known as the Silk Road was designed to be a mysterious underworld economy that avoided all governmental control. On Monday, the US Department of Justice announced that a Georgia man has pleaded guilty to wire fraud nine years after stealing more than 50,000 bitcoins from the Silk Road.

As part of his court trial, the man forfeited that massive stash of bitcoins to the DOJ; a sum that, at the time of the coins’ seizure in late 2021, would have been the biggest-ever Justice Department seizure not only of cryptocurrency but of currency of any kind.