Former FBI agent Shaun Bridges admitted to moving 1,600 bitcoins of seized bitcoins (TIKER: BTC.EXANTE) confiscated by federal authorities, Bincoin.com reported.
The story of two rogue U.S. Secret Service agents, Shaun Bridges and Carl Mark Force who were caught and sentenced to prison for stealing funds of the darknet market Silk Road dates back to 2015.
According to court documents, Bridges stole 1606.6488 BTC worth $6.6 million (approx. $0.5 million at that time) out of a federal account held on Bitstamp and moved the coins to two exchanges BTC-e and Bitfinex.
On August 15 Shaun Bridges pleaded guilty.
He can face ten years in prison and a $250,000 fine.