US Sheriffs Welcome $1.7 Million Windfall After Students Plead Guilty to Stealing 5,400 BTC

Two Jacksonville college students are dealing with up to 20 years behind bars after pleading responsible to stealing $four million price of bitcoin. The pair hacked darknet website Sheep Market in 2013 and made off with 5,400 BTC. Beneath forfeiture legal guidelines, Nassau County Sheriff’s Workplace will share in a $1.7 million windfall.

Additionally learn: US Marshals Plan to Public sale $52M Price of Seized Bitcoins

LEA Celebrates One other Bitcoin Bonanza

Bitcoin thefts finish badly for hackers who don’t cowl their tracks, however spell nice information for regulation enforcement. Throughout the US, federal and state businesses have been treating themselves to new computer systems and different gear, all paid for with confiscated digital property. It’s frequent apply for regulation enforcement to maintain a portion of the proceeds from main crimes, however bitcoin’s rising worth, coupled with the glacial tempo at which legal trials transfer, has precipitated payouts to…

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