The crypto boom may have made criminals richer

When the FBI seized Silk Road founder Ross Ulbricht’s assets a few years back, the bureau confiscated 144,336 bitcoins, or around $28.5 million.

That was 2013, when a single bitcoin went for around $200. As both institutional and retail investors have taken a hold of the cryptocurrency looking to make it big, bitcoin’s value has exploded from around $1,000 per coin at the beginning of 2017 to over $15,000 at the end of 2017.

Today, if Ulbricht hadn’t lost his bitcoin, he’d have an amount equal to around $2.2 billion.

For years, bitcoin has been the de facto currency of black markets on the so-called dark web. Near anonymous (when used properly), easy to store, and able to be transferred without an in-person interaction, bitcoin was a

Read more at: https://finance.yahoo.com/news/crypto-boom-may-made-criminals-wallets-richer-153914871.html

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