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69,000 Bitcoins Are Headed for the US Treasury—While the Agent Who Seized Them Is in Jail

69,000 Bitcoins Are Headed for the US Treasury—While the Agent Who Seized Them Is in Jail

image via WIRED

October 9, 2024, 4:02 PM

  • An IRS agent who helped seize $4.4 billion in Bitcoin is now jailed in Nigeria on money laundering charges.
  • The agent, Tigran Gambaryan, traced the Bitcoin to a hacker who stole it from the Silk Road dark-web drug market.
  • Gambaryan's case has drawn attention from lawmakers and US officials, who have urged Nigeria to release him.

Tigran Gambaryan, an IRS criminal investigator, seized $4.4 billion in cryptocurrency from the Silk Road dark-web drug market. He is now sitting in a Nigerian jail.

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Entities Mentioned

Tigran GambaryanIndividual XWill FrentzenFrench Hill

Topics Covered

SecuritySecurity / Security NewsSecurity / Cyberattacks and HacksBusiness / Blockchain and Cryptocurrency

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