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Silk Road Seller Pleads Guilty to Money Laundering $19 Million With Bitcoin

From coindesk.com

A former narcotics trafficker pled guilty to charges that he laundered $19 million in profit through Silk Road. Prosecutors with the Southern District of New York announced a plea deal with Hugh Brian Haney on Thursday, adding another postscript to the infamous dark web marketplace’s history. According to a press release, Haney was accused of laundering close to $20 million using bitcoin in early 2018. Silk Road was among the dark web’s earliest drug marketplaces and a haven for its bitcoin-accepting vendors until its operator, Ross Ulbricht, was arrested in October 2013 and the site was shut down. Ulbricht is ... (full story)

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