Tag Archives: The Silk Road

Maximiliano Pilipis, a 53-year-old former resident of Noblesville, Indiana, has been indicted by a federal grand jury on five counts of money laundering and two counts of failing to file a tax return. The indictment alleges that Pilipis laundered substantial funds, including proceeds from Silk Road, through his operation of an unlicensed virtual currency exchange called AurumXchange. Laundering Silk Road Proceeds Court documents revealed that Pilipis launched AurumXchange in...

The United States government may be selling more of its massive Bitcoin (BTC) stash, potentially piling more sell pressure onto the crypto market, according to blockchain data. On-chain sleuth ZachXBT noted on Tuesday that government controlled Bitcoin tied to Silk Road initiated a small transaction to Coinbase – the crypto exchange previously used by the government to sell its coins. Shortly afterwards, the government’s wallet transferred 1999 BTC to Coinbase Prime, worth...