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Crypto Regulation

Ex-NCA Officer Ordered to Repay $2.4M for 50 BTC Stolen in Silk Road 2.0 Seizure

Former UK National Crime Agency officer Paul Chowles has been ordered to repay $2.4 million for 50 bitcoin he stole from a Silk Road 2.0 seizure in 2017, when the coins were worth about $77,000. Prosecutors now value the theft at more than 30 times that amount.

Original source

AI take

This case is less about the bitcoin than about the reach of asset-tracing into the law-enforcement chain itself: the same seizure infrastructure built to hold criminal proceeds became the point of loss. The restitution figure tracks the asset's appreciation rather than the original take, a reminder that in crypto cases the penalty scales with the market, not the moment of theft. Who bears that gap — and whether courts keep pricing misconduct at current value — is the question worth watching.

Generated by AI for reference only.

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