This isn’t new news, its been doing the rounds all week (and more), just a catch up.
US Federal authorities confiscated 29,655 units of the digital currency Bitcoin, worth around $US27 million at current rates, after the FBI raided Silk Road, an anonymous online black market, saying it was a conduit for purchases of drugs and computer hacking services.
And there’s more than $27 million:
An additional 144,336 bitcoins, worth more than $128 million today, were also discovered, but the government’s claim on them is being disputed by Ross William Ulbricht, 29, who U.S. authorities say was the founder and main operator of Silk Road. They had been stashed on his laptop.
According to the report, “A spokeswoman for Preet Bharara, the U.S. Attorney for New York’s Southern District, said Friday that the government is still trying to decide what to do with the forfeited bitcoins.” Those suffering holding AUD longs are trying to convince them to buy aussie (OK, I made that bit up).
