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Federal prosecutors subpoena bitcoin exchanges over illegal transactions

(Reuters) – Several bitcoin exchanges including the now-defunct Mt. Gox received subpoenas from Manhattan federal prosecutors this winter as they look into possible ties between the exchanges and the online drug market Silk Road, the Wall Street Journal reported on Monday, citing people familiar with the matter. The subpoenas to…

Silk Road, notorious haven for illegal online commerce, seized by U.S. authorities

There is a dark side to the Internet, and it can be used for evil as well as for good. A massive online bazaar hawking narcotics, weapons, forgeries, and other illicit items or services operated openly for years by relying on tools designed to safeguard privacy or foster a new…