Technology & Science

Former Secret Service agent pleads guilty in Silk Road drug site probe

A former Secret Service agent has pleaded guilty to charges related to the theft of electronic currency during a high-profile investigation into the online drug bazaar Silk Road.

Bridges was part of a task force investigating when he stole $820,000 in bitcoin

This frame grab from the Silk Road website shows thumbnails for products allegedly available through the anonymous online drug marketplace, which was shut down in 2013. (The Associated Press)

A former Secret Service agent has pleaded guilty to charges related to the theft of electronic currency during a high-profile investigation into the online drug bazaar Silk Road.

Shaun Bridges entered the plea Monday to money laundering and obstruction charges in federal court in San Francisco.

Silk Road users paid in the virtual currency bitcoin. A former Secret Service agent investigating the site pleaded guilty to charges related to stealing $1.1 million in bitcoin. (Jim Urquhart/Reuters)

He acknowledged stealing $1.1 million ($820,000 US) worth of bitcoin after getting access to Silk Road, the multimillion-dollar marketplace for illegal drugs and other contraband.

Bridges was part of a task force investigating Silk Road.

A Drug Enforcement Administration agent on the task force, Carl Force, was accused separately of selling information about the investigation and has pleaded guilty to extortion and other charges.

U.S. District Court Judge Richard Seeborg said he would impose a curfew and electronic monitoring on the 33-year-old Bridges after prosecutors said Bridges had tried to change his name.

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