Former British National Crime Agency official jailed for stealing 50 bitcoins during Silk Road 2.0 investigation
Internet reports that a former British National Crime Agency (NCA) official was sentenced to prison for stealing 50 bitcoins during the Silk Road 2.0 investigation. Silk Road 2.0 is a follow-up version of the original Silk Road. It was launched one month after the FBI closed the original Silk Road in October 2013 and arrested its founder RossUlbricht. It was shut down by the FBI after a year of operation. Paul Chowles, an NCA operations officer who was involved in the investigation, was responsible for extracting and analyzing device data from the co-founder of Silk Road 2.0 during the law enforcement operation. 50 of the 97 bitcoins seized at the time 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 now pleaded guilty to charges of theft, transfer of criminal property and concealment of criminal property and was sentenced to more than five years in prison, from which the Crown Prosecution Service calculated he illegally made approximately £ 613,150 (US$821,345).
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