Online drug market bust yields second largest Bitcoin seizure ever

What would Al Capone say to virtual currency?

The seizure of an online drug market, sometimes referred to as the Amazon of illegal drugs, has led to the second biggest Bitcoin seizure in the crypto-currency's four-year history.

That's according to Time, which in detailing the U.S. law enforcement take down of Silk Road, where users could buy everything from marijuana to heroin, noted the FBI seized approximately $3.6 million (about £2.2m, AU$3.8m) in Bitcoin.

That's quite a haul, but not the biggest - Mt. Gox, a Bitcoin exchange business, reportedly had more than $5 million (about £3m, AU$5.3m) seized by the U.S. government.

Does crime pay? In Bitcoins it seems.

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ABOUT THE AUTHOR

News Editor (US)

As the US News Editor, Michelle (Twitter, Google+) keeps her eye on all things tech with particular interest on phones, tablets and finding out who the people are behind the devices. Any phone that can survive a regular (accidental) drop has her vote for best handset. Michelle previously worked covering local news in the Bay Area and has been with TechRadar since July 2012.