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Two Jacksonville students are facing up to two decades behind bars after pleading guilty to stealing $4 million worth of bitcoin. The pair hacked darknet site Sheep Marketplace in 2013 and made off with 5,400 BTC. Under forfeiture laws, Nassau County Sheriff’s Office will share in a $1.7 million windfall. Also read: US Marshals Plan to … Read more
Ross Ulbricht formally submitted a writ of certiorari to the Supreme Court of the United States (SCOTUS), seeking a hearing for the overturn of a decision upheld this year by the Second Circuit Court of Appeals. Mr. Ulbricht’s double-life sentence without the possibility of parole is at stake. Also read: Bundesbank Board Member: No Plans … Read more
The Department of Justice has announced another potential auction of seized bitcoin, totalling over 8 million USD. There’s a noticeable uptick in bitcoin-related prosecutions since at least 2014 and the Ross Ulbricht, Silk Road affair. With the price of bitcoin rising to stratospheric heights, the phenomenon has made bitcoiners relatively wealthy; it might have also … Read more
