FBI recover $122m from Silk Road founder
Posted by: Timothy Weaver on 11/25/2013 11:56 AM
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A research paper by the Israel-based Weizmann Institute's Dorit Ron and Adi Shami is responsible for the FBI suspecting that the “Dread Pirate Roberts” (DPR) has left more than the $122m in BitCoin left on a wallet on the laptop of the suspected leader of Silk Road. They suspect that it was only about 22% of what the Silk Road kingpin held.
During an analysis of transactions related to Silk Road, they identified a transfer “to an account controlled by Mr. Ulbricht from another that had been created in January 2009, during the very earliest days of the Bitcoin network, which was set up the previous year.”
Made on March 20, 2013, the transfer in question was for 1,000 Bitcoin.
“Such a single large transfer does not represent the typical behavior of a buyer who opens an account on Silk Road in order to purchase some narcotics (such buyers are expected to make an initial deposit of tens or hundreds of dollars, and to top the account off whenever they buy additional merchandise). It could represent either large-scale activity on Silk Road, or some form of investment or partnership, but this is pure speculation.”
During an analysis of transactions related to Silk Road, they identified a transfer “to an account controlled by Mr. Ulbricht from another that had been created in January 2009, during the very earliest days of the Bitcoin network, which was set up the previous year.”
Made on March 20, 2013, the transfer in question was for 1,000 Bitcoin.
“Such a single large transfer does not represent the typical behavior of a buyer who opens an account on Silk Road in order to purchase some narcotics (such buyers are expected to make an initial deposit of tens or hundreds of dollars, and to top the account off whenever they buy additional merchandise). It could represent either large-scale activity on Silk Road, or some form of investment or partnership, but this is pure speculation.”
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