A former National Crime Agency officer, Paul Chowles, has been sentenced to five-and-a-half years in prison for stealing 50 Bitcoin, valued at $5.9 million, from Silk Road 2.0 co-founder Thomas White. Chowles, who was involved in investigating Silk Road and its successor, pleaded guilty to theft and related charges in May. The Bitcoin was seized by the NCA in 2014 but was transferred from White's wallet in 2017. Chowles attempted to obscure the Bitcoin's origins by using a crypto mixing service. Investigators later discovered that Chowles had exploited his position to steal the funds, which he spent using crypto-enabled debit cards. Evidence linking him to the theft included a phone and notebooks containing details of White's cryptocurrency accounts. The Crown Prosecution Service plans to pursue confiscation proceedings against him, as he financially benefited by approximately £613,150 ($821,345). Read more AI-generated news on: https://app.chaingpt.org/news

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