Published on September 1st, 2015 | by bitcoin0
US federal agent admits $800,000 in bitcoins
Photograph: Mark Blinch/Reuters
A former US secret service agent has pleaded guilty to stealing over $800,000 worth of bitcoin during an investigation into online drug marketplace Silk Road.
Related: Silk Road: undercover DEA agent turned bitcoin thief pleads guilty
Shaun Bridges, 33, appeared in federal court in San Francisco and admitted to money laundering and obstruction of justice.
Silk Road operated for more than two years until it was shut down in October 2013 having generated more than $214m in sales of drugs and other illicit goods using bitcoin, prosecutors said.
Bridges belonged to a Baltimore-based federal task force that investigated Silk Road.
An attorney for Ulbricht said those charges “remove any question about the corruption that pervaded the investigation of Silk Road”.