Ross Ulbricht, the creator of the Silk Road online black marketplace, is facing a number of federal charges related to allegations that he facilitated the illegal activity of marketplace users.
Two federal agents were charged with stealing the cryptocurrency, while conducting an investigation of the Silk Road marketplace.
Today, on Wednesday, the U.S. government said that it plans to auction a collection of Bitcoins seized from Silk Road genius Ross Ulbricht on March 5, 2015.
After a trial which lasted 3 weeks, a Manhattan federal jury has found Ross Ulbricht, 30, mastermind of the web-site Silk Road, guilty on all criminal counts.
A former FBI agent testified that he directly traced millions in bitcoin to the laptop of Ross Ulbricht, the man behind the online black marketplace Silk Road.
Ross Ulbricht, the creator of the Silk Road online black marketplace, is facing a number of federal charges related to allegations that he facilitated the illegal activity of marketplace users.
Mark Karpeles, the CEO of Bitcoin exchange Mt. Gox, has denied any involvement in the online black market Silk Road.