Ex-federal agent gets 6 years for stealing Silk Road bitcoins

According to Ars Technica, Bridges obtained access to various Silk Road accounts when the feds struck a deal with Curtis Green, a customer service rep for the website, back in 2013. Green took the witness stand during his trial to reveal that the former Secret Service personnel asked him to explain how to change account passwords three times when he was briefing them about the website. Bridges then used Green’s account to plunder wallets and transfer bitcoins into his own — an act Green called calculated, as the agent knew that Silk Road founder Ross Ulbricht would easily find out who made the transactions. Green said Ulbricht and his senior adviser Variety Jones, who was arrested in Thailand a few days ago, wanted him dead after that, and he received numerous death threats as a result.

Stealing wasn’t Bridges’ only offense, though: he also caused other investigations to fold up. Since the bitcoins he stole couldn’t stay in that initial wallet forever, he transferred them to all to Mt. Gox. Yes, that’s the controversial Japan-based bitcoin exchange service that closed up after allegedly losing a lot of money to a security breach and an inside job.

Read more ... source: TheBitcoinNews