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- The DEA Seized Bitcoins In A Silk Road Drug Raid
In the underground world of the deep web there are few places as nefarious as Silk Road. The site, hidden on the Tor network has long been one of the primary venues for buying and selling contraband using Bitcoin. Now, it seems, the DEA has caught on. On June 23, the organization posted in their standard forfeiture announcements that it had seized 11.02 Bitcoins from a Silk Road user named Eric Daniel Hughes aka Casey Jones after charging him with intent to distribute drugs.
The notification (which has since been updated) notes a BTC wallet “account number” and the price – $814.22 based on the spot price at the time.
13-DEA-581051, 11.02 Bitcoins, Acct.#1ETDwGUC1QcjYuehFr3u1FD3MvDaUs7SFy,
VL: $814.22 which was seized in Charleston, SC from Eric Daniel Hughes AKA Casey Jones on April 12, 2013
The folks at LetsTalkBitcoin did a quick search to follow the coins as they moved through the BTC block chain and found that the 11.02 moved into a new Bitcoin account on April 12. Hughes allegedly distributed Clonazepam and marijuana and is out on $10,000 bond.
Wrote one customer on a Silk Road forum: