$28 Million In Bitcoins Seized - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

$28 Million In Bitcoins Seized

Posted: Updated:

NEW YORK (AP) - The United States Attorney in New York says about $28 million worth of bitcoins have been seized from a man charged with operating a notorious online drug marketplace known as Silk Road.

U.S. Attorney Preet Bharara (buh-RAH'-ruh) said Friday more than 144,000 bitcoins were found on computer hardware belonging to Ross William Ulbricht.

Federal authorities in New York have charged Ulbricht with three felonies related to the operation of the website. He was sent to New York from California earlier this month.

The federal public defender who represented Ulbricht in California declined to comment. His New York attorney didn't immediately return messages.

Silk Road gained notoriety as a black market bazaar where drugs could be bought and sold using bitcoins, a form of online cash.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Top Stories from KHQTop StoriesMore>>

  • Police search for armed robbery suspect

    Police search for armed robbery suspect

    Tuesday, September 2 2014 3:23 AM EDT2014-09-02 07:23:19 GMT
    SPOKANE, Wash. - A man walked into a Zip Trip gas station brandishing a hand gun and stole cash Monday night, according to Spokane Police.The robbery happened at about 10:30 p.m. at the Zip Trip on East Illinois Avenue, just north of where Perry Street intersects with Illinois. Spokane Police say the man walked in and showed employees the handgun. More >>
    SPOKANE, Wash. - A man walked into a Zip Trip gas station brandishing a hand gun and stole cash Monday night, according to Spokane Police.The robbery happened at about 10:30 p.m. at the Zip Trip on East Illinois Avenue, just north of where Perry Street intersects with Illinois. Spokane Police say the man walked in and showed employees the handgun. More >>
  • Wildfire Victim Searches For Strength To Rebuild

    Wildfire Victim Searches For Strength To Rebuild

    Tuesday, September 2 2014 12:28 AM EDT2014-09-02 04:28:11 GMT
    ALTA LAKE, Wash. - "John Neuneker Sr. built almost everything on his property with his own two hands, including the home in which he and his wife Laurie raised their four children.“It was a family thing,” Neuneker told KHQ. “Not just my wife. My kids, all of us chipped in. We built the whole thing ourselves.” Their log cabin was one of many things Neuneker lost in the Carlton Complex Fire.More >>
    ALTA LAKE, Wash. - "John Neuneker Sr. built almost everything on his property with his own two hands, including the home in which he and his wife Laurie raised their four children.“It was a family thing,” Neuneker told KHQ. “Not just my wife. My kids, all of us chipped in. We built the whole thing ourselves.” Their log cabin was one of many things Neuneker lost in the Carlton Complex Fire.More >>
  • Body camera pilot program begins

    Body camera pilot program begins

    Monday, September 1 2014 10:23 PM EDT2014-09-02 02:23:48 GMT
    SPOKANE, Wash. - The Spokane Police Department will equip some officers with body cameras Monday, after Police Chief Frank Straub fast tracked pilot program. The Spokesman-Review reports 17 officers will receive the cameras designed to promote accountability and transparency within the police force. More >>
    SPOKANE, Wash. - The Spokane Police Department will equip some officers with body cameras Monday, after Police Chief Frank Straub fast tracked pilot program. The Spokesman-Review reports 17 officers will receive the cameras designed to promote accountability and transparency within the police force. More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KHQ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.