Silk road narcotics sellers pleads guilty to laundering close to $20 million with Bitcoin
|- A man has pleaded guilty to using Silk Road to sell drugs.
- Hugh Haney is said to have received nearly 4,000 Bitcoin via Silk road-linked accounts.
Prosecutors with the Southern District of New York announced that a man has pleaded guilty to charges that he laundered $19 million in profit through Silk Road, with the use of Bitcoin (BTC)
Silk Road was previously a dark market heavily used as a drug marketplace, which was a haven for its Bitcoin-accepting vendors.
Hugh Haney was accused of laundering close to $20 million using Bitcoin in early 2018.
He was one of the sellers who used the marketplace, with prosecutors noting that Haney was a “high-ranking member” of a narcotics outfit known as Pharmville, and is said to have received nearly 4,000 bitcoin from Silk Road-linked accounts through February 2012.
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