Home Bitcoin Cash Prosecutors hope to cash in on $8.5M in bitcoin from opioid ring

Prosecutors hope to cash in on $8.5M in bitcoin from opioid ring

164
0
SHARE


Federal agents say Aaron Michael Shamo was manufacturing thousands of opioid pain medication pills a day to sell illegally from his home. Weber County Sheriff via AP

Although there’s no global consensus over the status of bitcoin — debate rages whether the virtual money is an asset or a currency — that hasn’t stopped officials in the U.S. and elsewhere from cashing in on the digital hauls seized from cybercriminals.

Related:

New York woman tried sending bitcoin to ISIS

In 2014, the U.S. Marshals Service announced the auction of nearly 30,000 bitcoins seized from notorious dark web drug marketplace Silk Road. Other seizures have since netted the American government millions of dollars in a series of sales.

Other governments — from Australia to South Korea — have set up similar auctions over the years.





Source link