A former US undercover agent involved in an investigation into the dark web marketplace Silk Road has admitted a series of crimes.
Carl Force, 46, faces up to 20 years in prison after pleading guilty to charges of extortion, money-laundering and obstruction of justice.
He stole more than $700,000 (£448,000) in the digital currency Bitcoin.
Force also secretly solicited payment from the marketplace’s operator for information about the US investigation.
During the course of the investigation, the former US Drug Enforcement Administration (DEA) agent posed as a drug dealer with connections to hit-men using the alias Nob.
He was given the task of communicating with Ross Ulbricht, the man who was subsequently jailed for life for running Silk Road, prosecutors said.
According to a government document, Force convinced Ulbricht, who went by the alias Dread Pirate Roberts, to pay him $50,000 in Bitcoin by pretending he had information about the investigation in August 2013.
While Force reported the discussion to the DEA, he falsely claimed no payment had been made, while diverting the funds to a personal account, prosecutors said.
Force, also without the authorities’ knowledge, used another online moniker French Maid and offered Ulbricht information on the investigation for about $98,000 in Bitcoin in September that year.
He appeared in a San Francisco federal court on
Originally appeared at: http://www.bbc.com/news/technology-33364349
Silk Road: Undercover agent admits stealing Bitcoin is a story from: BitcoinWarrior.net