Ex-NCA Officer Must Repay $2.4M for Bitcoin He Stole When It Was Worth $77K

What happened

The Crown Prosecution Service secured the confiscation order against Paul Chowles, 44, of Bristol, on Wednesday under the Proceeds of Crime Act 2002. Paul Chowles took 50 BTC from a Silk Road 2.0 seizure in 2017.

Prosecutors have now valued the theft at more than 30 times that. Decrypt News Law and Order Ex-NCA Officer Must Repay $2.4M for Bitcoin He Stole When It Was Worth $77K Paul Chowles took 50 BTC from a Silk Road 2.0 seizure in 2017.

In brief A UK court has ordered former National Crime Agency officer Paul Chowles to pay £1,810,678.93, around $2.4 million. He stole 50 BTC from a wallet seized during an investigation into the dark web marketplace Silk Road 2.0.

The coins were worth about £60,000, or $77,000, when he took them in 2017. A former National Crime Agency officer has been ordered to repay £1,810,678.93, around $2.4 million, over the theft of 50 Bitcoin from a wallet seized in a dark web investigation, coins that were worth roughly £60,000, or $77,000, when he took them nine years ago.