British Silk Road administrator fined $667 thousand in BTC – Bits Media

UK National Crime Agency (NCA) reported that, that Thomas White will pay a fine of $ 667 000 in cryptocurrency.

During the trial it was revealed, that White made money from illegal activities 1.5 million pounds sterling. During the administration of the darknet market by Thomas White, goods were sold through Silk Road on 73 million pounds sterling (about $96 millions) in bitcoin. On each transaction, White took a commission from 1-3%. NCA reported, that the court ruled, that besides the prison term the criminal
will pay a fine of approx. 490 000 pounds sterling (about $ 667 000) in bitcoins. Now it's a little more 10 BTC.

"Thomas White was at the top of Silk Road. He used his position, to earn more profit from criminal activities".

This case proves, that crime never pays. The attacker spent the last two years in prison, and now still has to pay half a million pounds sterling in bitcoins. The agency stated, that NCA will continue to use all resources, to prevent criminals from profiting from illegal activities.

Thomas White, 26-summer student of the Faculty of Finance, dropped out of Liverpool John Moores University and took over as administrator of the illegal website Silk Road within a month, after US law enforcement detained his predecessor, Ross Ulbricht. White, known on the darknet under the nickname "Cthulhu", in 2013 was arrested by NCA. During the investigation in 2019 году он признал себя виновным в торговле наркотиками, отмывании денег, а также в создании 464 изображений жестокого обращения с детьми. The court sentenced the former Silk Road administrator to prison for five years and four months..

The Silk Road marketplace on the darknet has long been closed, but echoes of her criminal activities periodically emerge in law enforcement reports. Victoria State Police in Australia recently seized $6 millions in cryptocurrencies, related to Silk Road.

Last month, Italian authorities shut down the dark web sites Deepsea and Berlusconi and arrested four administrators. During the search, cryptocurrencies worth 3.6 million euros. The authorities traditionally put up seized cryptocurrency at auctions., such an auction was held in Germany in October.