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In all, he followed more than 700,000 bitcoins along the public ledger of bitcoin transactions, known as the blockchain, from the marketplace to what seemed to be Ulbricht’s personal wallets. Based on exchange rates at the time of each transaction, Yum calculated that the transferred coins were worth a total of $13.4 million.
“You mean direct, one-to-one transfers?” prosecutor Timothy Howard asked Yum.
“Yes, direct, one-to-one transfers,” Yum responded.
“You mean direct, one-to-one transfers?” prosecutor Timothy Howard asked Yum.
“Yes, direct, one-to-one transfers,” Yum responded.
They must have either used extensive manpower or have at their disposal one helluva program to complete such task. Either way, I, with just a laptop, successfully tracked BFL's bitcoin wallet addresses used to launder Sonny's over ten million dollars worth of bitcoins via BitPay sans a single purchased, albeit purchases is what's written on the invoice generated on BitPay's end. Image what I could do with even some rudimentary program in Alpha.
