Bitcoins Seized In Drug Bust

In a case believed to be the first of its kind, federal authorities have seized a Charleston man’s virtual currency due to an alleged drug law violation with possible links to a shadowy online black market.

The U.S. Drug Enforcement Administration recently posted a forfeiture notice indicating that agents had seized 11.02 Bitcoins worth $814 from 31-year-old Eric Daniel Hughes for allegedly violating the federal Controlled Substances Act. No other details were provided.

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Story added 8. July 2013, content source with full text you can find at link above.