Silk Road Agent Bridges Gets 2 Extra Years Jail Over Second Bitcoin Theft

November 8, 2017 4:56 pm Published by

A Secret Service agent twice arrested for the theft of Silk Road Bitcoins has received an additional two-year jail sentence following his second offense, reported.

Multiple media reports – including Reuters and Ars Technica – reported Wednesday Shaun Bridges, who is already serving a 6½ years for theft, pled guilty to extended charges in August before receiving a verdict this week.

“Particularly troubling is the fact that Mr. Bridges did engage in further efforts to conceal and need to steal after he had entered the plea agreement.” – California Judge Richard Seeborg

In 2015, revelations about corruption within the Silk Road case first surfaced, the report said, after alleged leader Ross Ulbricht received life imprisonment for online drugs distribution.

“On or about July 28, 2015, while on release from the pending case… Bridges caused transfer of the approximately 1606.6488 seized Bitstamp funds in the online wallet that belonged to the US government into a separate online wallet at BTC-e controlled by Bridges,” the charges from August read.

The FBI had frozen assets from BTC-e, now trading as WEX, as an ongoing investigation over money laundering, the report said.

Meanwhile, in October U.S. federal authorities finally gained access to the proceeds of the huge Silk Road sell-off, which now infamously came at the rock-bottom price of just $334 per Bitcoin, the report said., Jack Durschlag

Have your say:

Your email address will not be published. Required fields are marked *