Hacker took pains to cover $3.36B of stolen bitcoin. Feds discovered it anyway

Bitcoin laundering concept vector illustration.

Enlarge / Bitcoin laundering idea vector illustration.

Federal prosecutors have recovered $3.36 billion in bitcoin that was stolen a decade in the past from Silk Street, the darkish internet bazaar liable for distributing huge portions of unlawful medication and different illicit items and companies to individuals worldwide.

Final November, federal brokers executing a search warrant on a then-defendant’s Gainesville, Georgia, home seized a little bit greater than 50,491 bitcoin that was stashed in an underground flooring protected and on a “single-board laptop” that was submerged underneath blankets in a popcorn tin saved in a toilet closet, the Justice Division stated on Monday. Throughout the identical search, brokers recovered $661,900 in money, 25 Casascius cash (bodily bitcoin) with an approximate worth of 174 bitcoin, 11.1160005300044 extra bitcoin, and 4 one-ounce silver-colored bars, three one-ounce gold-colored bars, 4 10-ounce silver-colored bars, and one gold-colored coin.

A $3.Three billion thriller

On the time, the haul was the most important cryptocurrency seizure in US Justice Division historical past and as we speak stays the division’s second largest monetary seizure ever, behind a ​​$3.6 billion seizure prosecutors made earlier this 12 months from a married couple charged with cash laundering.

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