US Sheriffs Welcome $1.7 Million Windfall After Students Plead Guilty to Stealing 5,400 BTC

Two Jacksonville faculty college students are coping with up to 20 years behind bars after pleading accountable to stealing $4 million worth of bitcoin. The pair hacked darknet web site Sheep Market in 2013 and made off with 5,400 BTC. Beneath forfeiture authorized tips, Nassau County Sheriff’s Office will share in a $1.7 million windfall.

Moreover study: US Marshals Plan to Public sale $52M Value of Seized Bitcoins

LEA Celebrates One different Bitcoin Bonanza

Bitcoin thefts end badly for hackers who don’t cowl their tracks, nonetheless spell good info for regulation enforcement. All through the US, federal and state companies have been treating themselves to new laptop techniques and completely different gear, all paid for with confiscated digital property. It’s frequent apply for regulation enforcement to keep a portion of the proceeds from primary crimes, nonetheless bitcoin’s rising price, coupled with the glacial tempo at which authorized trials switch, has precipitated payouts to…

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