The Silk Road hacker sentenced for a multi-billion dollar Bitcoin fraud, who exploited a vulnerability in the Silk Road withdrawal system to carry out a Bitcoin heist, was sentenced to one year and one day in prison and lost his Bitcoin after pleading guilty to wire fraud. In addition to Bitcoin, law enforcement also seized nearly $662,000 in cash and 25 Casascius coins, which are physical metal coins created to represent Bitcoin.
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The Silk Road hacker sentenced for a multi-billion dollar Bitcoin fraud, who exploited a vulnerability in Silk Road’s cash withdrawal system to carry out the Bitcoin heist, has been sentenced to a year and a day in prison and lost his Bitcoins after pleading guilty to wire fraud.
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