Wednesday, June 26, 2013

Drug Enforcement Agency seizes 11 Bitcoins from alleged Silk Road dealer

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The Drug Enforcement Agency has seized 11.02 Bitcoins worth $814.22 from an accused drug dealer in South Carolina, according to a government press release spotted by Bitcoin bloggers. It is the first known instance of the government seizing the virtual currency as if it were property or cash.


The DEA arrested Eric Daniel Hughes on April 12th, 2013. One Bitcoin sleuth traced the user name "Casey Jones" to user "Truckin" on the underground drug bazaar Silk Road, where he appears to have been an active buyer and seller. His posts refer to pharmaceutical drugs such as Adderall, Dexedrine, Vyvanse, Klonopin, Clonazepam, and suboxone. One user claims to have bought from Casey Jones and says he was trustworthy but a bit careless.


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via The Verge - All Posts http://www.theverge.com/2013/6/26/4468302/drug-enforcement-agency-seizes-11-bitcoins-in-south-carolina-bust-silk-road

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