The Drug Enforcement Agencyhas grab 11.02 Bitcoins — about $ 800 — from a drug dealer in South Carolina who had been using Silk Road . It ’s the first ( know ) time the government has taken control of the practical currentness like it were property or real - world cash .
discover in agovernment mechanical press outlet spot by Bitcoin blogger , the news program relates to the arrest of Eric Daniel Hughes . One Bitcoin usertied the arrest of Hughes to ausernames“Casey Jones ” and “ Truckin ” on Silk Road — where it come along he was an active purchaser and marketer .
Silk Road has so far offered drug dealers relative anonymity , allowing them to use Bitcoin and Tor to avoid have their identities revealed . Howard Robard Hughes ’ stake on the site referred to drugs such as Adderall , Dexedrine , Vyvanse , Klonopin , Clonazepam , and suboxone , and one user , DealerOfDrugs , describedhis fundamental interaction with Hughes on Silk Road :
The crazy thing is , he messaged me from his vendor account , and willingly gave me his entire personal address , not a drib computer address . I myself warned Casey at the time to be careful because anyone at anytime could blackmail him , and he pretty much dismissed the idea and allege “ no problem , I might start a alternate vendee account to start buy . I ’m not upset about it . ” It ’s ill-defined whether the federal agency seize the Bitcoins in a sting process or through some other means . It ’s potential that the DEA correct up a vender story and got Hughes ’s savoir-faire under the pretence of post him a purchase . However , it ’s also possible that the DEA clutch a computer with the file containing the Bitcoins or generate Hughes to give them over .
understandably , the DEA is mindful of the problem posed by Silk Road — and the seizure of Bitcoins suggest that it may not be the safe haven citizenry have gotten used to for much longer.[Let ’s Talk BitcoinviaVerge ]
effigy credit : Shutterstock/123dartist
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