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A former UK National Crime Agency officer, Paul Chowles, has been sentenced to five and a half years in prison for stealing 50 Bitcoin during a 2017 investigation into Silk Road 2.0. The stolen BTC, initially worth $77,000, has since surged to over $5.6 million in value.
- Chowles laundered stolen Bitcoin through Bitcoin Fog, a mixing service, to obscure transaction trails.
- The theft was initially blamed on Silk Road 2.0 suspect Thomas White, who denied involvement.
- Chainalysis' blockchain analysis helped trace the funds despite mixing, leading to Chowles' arrest.
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