Man in drug website case wants his bitcoin back

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NEW YORK (AP) — An Internet entrepreneur accused of beingbehind an online marketplace for illegal
drugs has asked the governmentto return more than $30 million in bitcoin seized from his computers.Ross
Ulbricht, of San Francisco, was arrested in October following a crackdown on the black market website Silk
Road.Federalprosecutors in New York say Ulbricht went by the online handle theDread Pirate Roberts and
turned the underground site into a place whereanonymous users could buy or sell contraband and illegal
services.In court filings, prosecutors say they seized 144,336 bitcoins from Ulbricht’s computers.Though
subject to fluctuations in value, the virtual currency is exceedingly valuable, but lightly
regulated.Ulbricht says in a legal filing that the currency should be returned because it isn’t subject to
civil forfeiture rules.Copyright 2013 The Associated Press. All rightsreserved. This material may not be
published, broadcast, rewritten orredistributed.NEW YORK (AP) — An Internet entrepreneur accused of
beingbehind an online marketplace for illegal drugs has asked the governmentto return more than $30 million
in bitcoin seized from his computers.Ross Ulbricht, of San Francisco, was arrested in October following a
crackdown on the black market website Silk Road.Federalprosecutors in New York say Ulbricht went by the
online handle theDread Pirate Roberts and turned the underground site into a place whereanonymous users
could buy or sell contraband and illegal services.In court filings, prosecutors say they seized 144,336
bitcoins from Ulbricht’s computers.Though subject to fluctuations in value, the virtual currency is
exceedingly valuable, but lightly regulated.Ulbricht says in a legal filing that the currency should be
returned because it isn’t subject to civil forfeiture rules.Copyright 2013 The Associated Press. All
rightsreserved. This material may not be published, broadcast, rewritten orredistributed.

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