It may be the currency of the future, but it now appears that Bitcoin is not immune to the U.S. government's prying eyes and hands — especially when it's being used to fuel black market activities.
Maybe you've heard of Bitcoin—it wants to shake the entire global economy, and has become the financial bubble du jour with a skyrocketing… Read…
According to Let's Talk Bitcoin, a DEA agent could have taken control of a computer with an unencrypted wallet and transfer the amount to a DEA controlled wallet. Or the DEA could have set up a "honeypot" trap at the popular Silk Road "anonymous marketplace" — an Internet safe haven prone to black market activities. And in fact, Bitcoin is regularly used to purchase illegal items through this back channel. If that's the case, Hughes would have unknowingly transferred the Bitcoins directly to the DEA. Ouch.