Weeks after the FBI shuts down the Silk Road marketplace, prosecutors announce the seizure of its operator’s bitcoins.
…today announced the unsealing of a protective order authorizing the seizure of approximately 144,336 Bitcoins found on computer hardware belonging to ROSS WILLIAM ULBRICHT…
U.S. Attorney’s Office, Southern District of New York · October 25, 2013
A generation ago, multi-user time-sharing computer systems had a similar problem. Before strong encryption, users had to rely on password protection to secure their files, placing trust in the system administrator to…