BitInstant CEO Charlie Shrem is sentenced to two years prison time, despite asking to be let off free to "change the world."
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.
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Several exchanges, including shuttered Mt. Gox, have received subpoenas probing possible ties to the online drug marketplace, the Wall Street Journal reports.