logo

Former UK National Crime Agency Official Sentenced to Prison for Stealing 50 Bitcoins in Silk Road 2.0 Investigation

By: theblockbeats.news|2025/07/17 15:42:09
0
Share
copy
BTCBTC
--
crowncrown
silk-roadsilk-road
ross-ulbrichtross-ulbricht

BlockBeats News, July 17th, according to Cointelegraph, a former official from the UK's National Crime Agency (NCA) has been sentenced to prison for stealing 50 bitcoins during the Silk Road 2.0 investigation. Silk Road 2.0 was a successor to the original Silk Road, launched a month after the FBI shut down the original Silk Road and arrested its founder, Ross Ulbricht, in October 2013, and was closed by the FBI after running for a year. NCA operational officer Paul Chowles, who was involved in the investigation, was responsible for extracting and analyzing the device data of the Silk Road 2.0 co-founders during the law enforcement operation. At that time, 50 of the 97 bitcoins seized were transferred in May 2017. These bitcoins were subsequently processed through the cryptocurrency mixing service Bitcoin Fog, apparently to conceal their origin. Paul Chowles has pleaded guilty to charges of theft, transferring criminal property, and concealing criminal property, and has been sentenced to five years or more in prison. The UK's Crown Prosecution Service calculated that he illegally profited approximately £613,150 (USD 821,345) from it.

-- Price

--

You may also like

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

A VC from the Crypto world said AI is too crazy, and they are very conservative

Amid the Crypto frenzy and with investors who once missed out on Pinduoduo, a new AI fund called Impa Ventures was established, rejecting bubble narratives and adhering to a conservative "problem-first" strategy to seek real business value.

The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall

The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.

Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market

Cashtags generated a trading volume of 1 billion dollars just a few days after its launch, marking a strong start for Musk's super app strategy. For the cryptocurrency market, X's layout may be one of the most anticipated sources of retail growth after the meme coin craze subsides.

Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?

Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.

Bitcoin ETF News Today: $2.1B Inflows Signal Strong Institutional Demand for BTC

Bitcoin ETFs news recorded $2.1B inflows over 8 consecutive days, marking one of the strongest recent accumulation streaks. Here’s what the latest Bitcoin ETF news means for BTC price and whether the $80K breakout level is next.

The Joker is back
Bigger pools, auto-play, lucky buffs.
The Joker is backJoin now and grab your rewards.

Contents

Popular coins

Latest Crypto News

21:42

BlackRock transferred 12,080 ETH and approximately 113 BTC to a Coinbase Prime address

According to market news, after not conducting any outflow transactions in the past week, BlackRock transferred 12,080 ETH, worth approximately $27.94 million, to a Coinbase Prime address through its Ethereum exchange-traded fund ETHA; additionally, it transferred 113.342 BTC, worth $8.81 million, t...
BTCBTC
--
ETHETH
--
21:42

South Africa plans to include cryptocurrency assets in the foreign exchange control framework

The South African Treasury has released the "Draft Regulations on Capital Flow Management for 2026" and is seeking public comments. The draft aims to restructure the current foreign exchange control framework based on the "Currency and Exchange Act," focusing on: aligning with the OECD and FATF reco...
FLOWFLOW
--
21:42

Data: The current whale position on the Hyperliquid platform is 3.66 billion USD, with a long-short position ratio of 1.03

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $3.66 billion, with long positions of $1.854 billion, accounting for 50.64% of the holdings, and short positions of $1.807 billion, accounting for 49.36%. The profit and loss for long positions is $2.9172 m...
HYPEHYPE
--
21:42

The European Central Bank has signed agreements with three standard organizations to reduce the access costs of the digital euro

The European Central Bank (ECB) has signed agreements with European Card Payment Cooperation, Nexo Standards, and Berlin Group to reuse existing open payment standards for digital euro transactions, aiming to reduce the system access costs for banks, merchants, and payment service providers.The rele...
21:42

Data: In the past 24 hours, the total liquidation across the network was 178 million USD, with long positions liquidated at 92.15 million USD and short positions liquidated at 85.88 million USD

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $178 million, with long positions liquidated at $92.15 million and short positions liquidated at $85.88 million. Among them, Bitcoin long positions were liquidated at $26.8465 million, Bitcoin short posit...
BTCBTC
--
ETHETH
--
HYPEHYPE
--
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com