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How to Buy Bitcoin (in 2 minutes) - 2024 UpdatedTo spend bitcoins on sites like Silk Road, users must first deposit them in their account on the site. Critics of bitcoin and other cryptocurrencies have long contended that their widespread use would empower hackers and other criminals. U.S. Attorney Damian Williams said: �James Zhong committed wire fraud over a decade ago when he stole approximately 50, Bitcoin from Silk.