logo

Former UK National Crime Agency officer jailed for stealing 50 Bitcoins in Silk Road 2.0 investigation

By: odaily.com|2025/07/17 14:51:39
0
Share
copy

Odaily News A former British National Crime Agency (NCA) officer has been jailed for stealing 50 bitcoins in the Silk Road 2.0 investigation. Silk Road 2.0 was a successor to the original Silk Road, launched a month after the FBI shut down the original Silk Road and arrested its founder Ross Ulbricht in October 2013, and 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 the device data of the Silk Road 2.0 co-founder during the law enforcement operation. 50 of the 97 bitcoins seized at the time were transferred in May 2017. These bitcoins were then processed through the cryptocurrency mixing service Bitcoin Fog, apparently to cover their origin. Paul Chowles has now pleaded guilty to charges of theft, transfer of criminal property and concealment of criminal property and has been sentenced to more than five years in prison. The British Crown Prosecution Service calculated that he made about 613,150 pounds ($821,345) from the illegal profits.

-- Price

--

You may also like

Houthi Deadline Countdown Begins | Rewire News Morning Brief

Trump's 48-Hour Ultimatum was issued on Saturday and expires on Monday night

Middle East Conflict Escalation and Rate Hike Expectation Trigger Worst Gold Sell-Off in 43 Years

The key reasons for the sharp decline include heightened oil prices due to Middle East conflict, suppressed interest rate cut expectations, and intensified selling pressure triggered by tightening USD liquidity.

The Largest Oil Reserve Release in History: Why Is the Oil Price Still Above 100?

4 billion barrels per day production, only covering 17% of the gap

AI Agent Can't Kill SaaS

The true moat is the singularity of data

This viral Beijing high school teacher, Jiang Xueqin, predicted America's downfall in advance

Jiang Xueqin's latest viewpoint in an interview with Carlson: The era of global cheap energy is coming to an end.

Interview with Bill, Head of Bitget AI: In the AI Trading Era, How Far Are We from "Earning While Lying Down"?

Bitget launches a three-tier AI product: GetAgent (Chatbot Assistant), Agent Hub (Developer Tool), GetClaw (One-Click Product), covering users from geeks to newbies.

Popular coins

Latest Crypto News

09:42

Data: Brother Ma Ji's ETH long position has been completely liquidated again, with a total loss exceeding 30.35 million USD

According to Onchain Lens monitoring, Machi Big Brother's (@machibigbrother) ETH 25x leveraged long position was completely liquidated again, shortly after which he opened a new ETH 25x leveraged long position.Currently, his wallet balance is only $32,000, and the total loss has exceeded $30.35 mill...
09:42

Fidelity calls on the U.S. SEC to establish a new framework allowing brokers to trade crypto assets through ATS

Fidelity, in a letter to the SEC, suggested establishing a regulatory framework that allows broker-dealers to trade crypto assets through alternative trading systems (ATS).The proposal aims to promote the inclusion of crypto asset trading into the existing financial system, enhancing market complian...
09:42

An executive from the Bank for International Settlements who is skeptical about stablecoins will become the governor of the Bank of Korea

South Korean President Lee Jae-myung nominated Shin Hung-song, the head of the Monetary and Economic Department of the Bank for International Settlements (BIS), to serve as the governor of the Bank of Korea. Shin Hung-song stated last year that the issuance of a Korean won stablecoin is "an effectiv...
09:42

Analysis: Ethereum is at a critical moment of success or failure in a high-risk balancing strategy

According to CoinDesk analysis, as the pressures from scalability challenges, quantum technology, and artificial intelligence continue to grow, Ethereum is at a critical juncture in high-risk balancing strategies. In the first three months of 2026, the Ethereum ecosystem faces multiple structural pr...
09:42

Data: Sky Alliance has opened a 20x leveraged long position in gold and is gradually closing its SP500 short position

According to Onchain Lens monitoring, Sky founder Rune (@RuneKek) opened a new long position in gold during the decline in gold prices, with a leverage of 20 times. Meanwhile, Rune is closing his SP500 short position and currently still holds TWAP buy and sell orders.
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com