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Archive for the ‘Bitcoin’ Category

Government Agents Indicted for Wire Fraud and Money Laundering in Silk Road Investigation

By Sheri Pan – Edited by Jens Frankenreiter

Two former Drug Enforcement Administration agents have been charged for wire fraud and money laundering in connection with an investigation of Silk Road, a digital black market that allowed people to anonymously buy drugs and other illicit goods using Bitcoin, a digital currency. The two agents were members of the Baltimore Silk Road Task Force and allegedly used their official capacities and resources to steal Bitcoins for their personal gain.

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Posted On Apr - 21 - 2015 Add Comments READ FULL POST

Alleged mastermind behind the undercover trading platform Silk Road convicted in Manhattan court

By Jens Frankenreiter – Edited by Katherine Kwong

On February 4, a federal jury in Manhattan rendered its verdict in the trial against Ross Ulbricht, the person allegedly in charge of the online black market platform Silk Road. The jury found Ulbricht guilty on all charges. The case is important as it represents an attempt by the government to regain control over an area of the internet where tools such as bitcoin and Tor are used to create an online space beyond the reach of the authorities.

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Posted On Mar - 2 - 2015 Comments Off READ FULL POST

Silk Road Founder Loses Argument That the FBI Illegally Hacked Servers to Find Evidence against Him

By Travis West  — Edited by Mengyi Wang

The alleged Silk Road founder Ross Ulbricht was denied the motion to suppress evidence in his case. Ulbricht argued that the FBI illegally hacked the Silk Road servers to search for evidence to use in search warrants for the server. The judge denied the motion because Ulbricht failed to establish he had any privacy interest in the server.

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Posted On Oct - 21 - 2014 Comments Off READ FULL POST

The Silk Road and MtGox: Lessons in Law for Bitcoin

Written by: Chris Crawford and Joshua Vittor

Bitcoin has risen in the five years since its launch from an academic exercise to what is today a multi-billion dollar system of transacting wealth. Two recent events in this technology’s short history suggest that the legal system will continue to play a large part in its development: the federal shutdown of online drug bazaar Silk Road and the  collapse of the bitcoin exchange MtGox.

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Posted On Sep - 10 - 2014 Comments Off READ FULL POST

Class Action Suits Filed Against Mt. Gox in the United States and Canada
By Mark Verstraete — Edited by Sarah O’Loughlin

Putative class action suits have been filed against Mt. Gox—the now defunct online bitcoin exchange—in both the United States and Canada. In Febrauary 2014, Mt. Gox halted withdrawals after being hit with a sustained distributed denial-of-service (DDoS) attack. Several days later, it filed for bankruptcy when 850,000 bitcoins were stolen.

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Posted On Mar - 24 - 2014 Comments Off READ FULL POST
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