Australia Extradites Silk Road Moderator to US, Faces up to 20 Years

The former moderator for the Silk Road marketplace, Peter Phillip Nash, by Australia to the US to face trial. He is charged with conspiracy to engage in narcotics trafficking, computer hacking and money laundering. If convicted he faces up to 20 years in prison. He  in March.

A US indictment, made public in December, revealed that Nash was arrested by Australian authorities as he was looking to launch Silk Road 2.0–whose suspected operator three weeks ago.

Around the time of Nash’s arrest, two other Silk Road administrators were arrested separately in the US and Ireland.

The extradition comes at around the same time as authorities take a closer look at the state of digital currency activity in the country. The Australian Crime commission has to investigate the use of digital currencies for criminal activity, while the ongoing Senate inquiry is working toward a framework for regulation.

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