According to ChainCatcher and Cointelegraph, the UK Crown Prosecution Service stated that former National Crime Agency (NCA) officer Paul Chowles was sentenced to five and a half years in prison for stealing and spending 50 Bits (currently worth approximately $5.9 million).
Silk Road 2.0 was the successor to the original Silk Road, launched one month after the FBI shut down the original Silk Road and arrested its founder Ross Ulbricht in October 2013, and was subsequently closed by the FBI after operating for a year.
These Bits were originally seized from the device of co-founder Thomas White. Chowles exploited his position, laundering money through the Bitcoin Fog crypto mixing service, and spent over $140,000 using a crypto debit card. Key evidence was found on his phone and notes, and the Crown Prosecution Service is proceeding with confiscation procedures.
