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Seized Silk Highway Bitcoin Value $3 Billion Possible Linked to Disgraced US Secret Service Agent

02/10/2021
$3 Billion Worth in Bitcoin Seizure in Silk Road Case Likely Linked to Disgraced US Secret Service Agent

Over $3 billion value in bitcoin seized by the U.S. Division of Justice (DOJ), belonging to Silk Highway, are seemingly linked to a former U.S. Secret Service agent. The most recent findings recommend that “Particular person X” is, in truth, Shaun Bridges.

Bridges Is Set to Be Freed in November

Per current courtroom filings, cited by Fortune, the 69,370 bitcoins taken by the regulation enforcement even have doable ties with Carl Mark Drive IV, a former official from the Drug Enforcement Administration (DEA). Each brokers had been a part of the investigations associated to the now-defunct darknet market.

Though the report can’t be taken as a authorized affirmation of Bridges’ relation with the BTC seized, Fortune identified that some clues in a DOJ assertion shed some mild about it:

Particular person X was in a position to hack into Silk Highway and achieve unauthorized and unlawful entry to Silk Highway and thereby steal the illicit cryptocurrency.

It’s value noting that the disgraced U.S. Secret Service agent was convicted for utilizing an informant’s credentials within the Silk Highway case to steal BTC from the distributors. He received a sentence of 71 months in jail in 2015.

Afterward, Bridges served a further two-year sentence in 2017 after pleading responsible to cash laundering costs. He’s anticipated to be a free man in November 2021, as he’s nonetheless in a Nashville federal jail.

Disgraced US Agent Possible Has Secret Crypto Wallets

Nonetheless, extra clues arose throughout the entire case after some studies made the headlines in 2016. Bridges deliberate unsuccessfully to flee the nation, as he tried to use for citizenship in international nations.

Fortune says such a flight plan might recommend that he might need different secret crypto wallets to fund its escape.

As of now, the “Particular person X” pockets incorporates the same quantity — of the BTC seized — in different cryptos similar to bitcoin money (BCH), bitcoin gold (BTG), and bitcoinsv (BSV).

In line with courtroom filings, Ross Ulbricht — who the U.S. authorities claims is the mastermind behind Silk Highway and at the moment spends a double life imprisonment sentence — said that he wouldn’t take any authorized claims BTC seized.

Our newsdesk printed in November 2020 an in-depth outlook concerning the Silk Highway bitcoin handle that was seized by the U.S. authorities.

What do you consider a doable hyperlink between disgraced Secret Service agent and Silk Highway’s bitcoins seized? Tell us within the feedback part beneath.