50,000 bitcoins, worth about $20 million, were seized from digital wallets on computers belonging to Ross Ulbricht, the online drug market's alleged mastermind.
A 26-year-old computer programmer in San Francisco is accused of running the illicit site, which feds say followed a similar business model to its shuttered predecessor.
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After the US Marshals Service concluded its auction of bitcoins seized from the online drug bazaar, one sole bidder emerges as the take-all winner.
The US Marshals Service could net nearly $20 million in an auction it's holding to sell the roughly 30,000 bitcoins it seized from the online drug bazaar's servers.
Several exchanges, including shuttered Mt. Gox, have received subpoenas probing possible ties to the online drug marketplace, the Wall Street Journal reports.
The illicit underground marketplace has bounced back from last year’s high-profile shutdown, according to an Internet safety report.
Ross Ulbricht, who allegedly went by "Dread Pirate Roberts" and operated the black market drug site, is charged with hacking, money laundering, narcotics trafficking, and operating a criminal enterprise.