New documents unsealed in the ongoing case between the US government and a former Secret Service agent convicted of stealing bitcoins during the Silk Road investigation allege that additional thefts may have taken place.
Shaun Bridges was one of two former US federal agents accused of going rogue during the investigation of the Silk Road, the now-defunct dark market. At the time, the US government alleged that Bridges stole as much as $800,000 in bitcoin seized from the Silk Road.
Prosecutors said that the government was investigating whether Bridges took “approximately $700,000” in bitcoin around 28th July of last year, followed by an additional theft of roughly $20,000 in bitcoin around 10th September. The latter theft allegedly occurred less than two months before Bridges' sentencing, and after he had already pled guilty.
Notably, the thefts allegedly took place after the Secret Service had been warned by prosecutors about Bridges’ continued access to those funds. However, the motion asserts that the Secret Service did not secure the funds, and only discovered the discrepancy when trying to return roughly 125 bitcoins seized from bitcoin exchange Bitstamp during its investigation into ex-DEA agent Carl Force IV.
The emergency motion states:
Attorney Steve Levin of Levin & Curlett LLC, who is representing Bridges in the case, declined to comment when reached.
Image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.