silk road

  • US Marshals Have Sold 30,000 Silk Road Bitcoins

    US Marshals Have Sold 30,000 Silk Road Bitcoins

    The US Marshals announced they have sold 30,000 BTC to an anonymous bidder. The auction took place on June 27 and the highest bidder won all 30 blocks of 1,000 bitcoins. Comically, the sender of a an email to those involved in the auction disclosed all the bidders last week, making it clear that a number of big players, including Barry Silbert of SecondMarket and Bitcoin Investment Trust… Read More

  • Boom Goes The Bitcoin

    Boom Goes The Bitcoin

    Dropped, as Yoda would say, the other shoe has. U.S. Marshals are now selling off 29,656.51306529 BTC, about $18 million in bitcoin at today’s $600 price. The sale announcement drove prices down for a brief period overnight moving the needle down from $620 to $608. Read More

  • U.S. Government Is Turning Seized Silk Road Bitcoins Into Cash

    U.S. Government Is Turning Seized Silk Road Bitcoins Into Cash

    As I noted in January, the U.S. government is quite interested in getting out of the Bitcoin business and has, thus far, been working hard to convert seized bitcoin to actual cash, a move that could affect the BTC markets if these large transactions happen For example, this press release by the Department of Justice outlines how they caught alleged Silk Road user Conrnelis Jan Slomp in Miami… Read More

  • Silk Road 2 Hacked, Over 4,000 Bitcoin Allegedly Stolen

    Silk Road 2 Hacked, Over 4,000 Bitcoin Allegedly Stolen

    Silk Road 2 moderator Defcon reported in a forum post that hackers have used a transaction malleability exploit to hack the marketplace. The hackers stole over 88,000 4474.26 bitcoins worth $2,747,000, emptying the site’s escrow account. Read More

  • Silk Road ‘Kingpin’ Ulbricht Could Get 20 Year Minimum Prison Sentence

    Silk Road ‘Kingpin’ Ulbricht Could Get 20 Year Minimum Prison Sentence

    Ross Ulbricht AKA the Dread Pirate Roberts of Silk Road fame is now facing a “kingpin” charge which carries with it a 20-year minimum sentence. By claiming that Ulbricht was part of a continuing criminal enterprise (the “kingpin statute”), the Feds have essentially handed Ulbricht a minimum 20 year sentence for his involvement in the marketplace. Read More

  • The Silk Road’s Libertas Is Free, To The Annoyance Of U.S. Authorities, While DoJ Mulls BTC Sell-Off

    The Silk Road’s Libertas Is Free, To The Annoyance Of U.S. Authorities, While DoJ Mulls BTC Sell-Off

    The Silk Road moderator Gary Davis, aka Libertas, is officially free on bail and awaiting an extradition hearing on February 13. Irish and U.S. authorities arrested Davis on December 20 in an international operation that also nabbed Silk Road moderators Andrew Jones, aka Inigo, and Peter Phillip Nash, aka SameSameButDifferent. Read More

  • Silk Road 2 Still Running After Moderator Arrests

    Silk Road 2 Still Running After Moderator Arrests

    The Silk Road 2, a hidden website modeled on the original Silk Road contraband marketplace, is regrouping as the users and single remaining moderator prepare for a Christmas lockdown. The group faced a setback on Friday when US and Irish authorities arrested moderators Andrew Michael Jones, Gary Davis, and Peter Philip Nash. A final moderator, Cirrus, remains on the site. The arrests happened… Read More

  • Alleged Top Moderators Of Silk Road 2 Forums Arrested In Ireland, U.S. In International Sweep

    Alleged Top Moderators Of Silk Road 2 Forums Arrested In Ireland, U.S. In International Sweep

    At least two moderators of the Silk Road 2 user forums have been arrested by authorities in the U.S. and Ireland. A source claiming to have inside knowledge of the arrests said that Libertas, a moderator on the Silk Road 2 forums [TOR link], has been arrested by the Irish Police (Garda Siochana) in Wicklow during a raid carried out on Thursday at about 8PM local time. A source at the… Read More

  • Silk Road Rises Again

    Silk Road Rises Again

    Like the legend of the phoenix Silk Road has risen from the ashes of a recent US crackdown and is now live and even more secure. At 4:20 pm GMT on November 5 the so-called Silk Road 2.0 reappeared at silkroad6ownowfk.onion, an address on the TOR network. Read More

  • As Feds Fumble With Bitcoin, The Internet Trolls The FBI’s “Private” Wallet

    As Feds Fumble With Bitcoin, The Internet Trolls The FBI’s “Private” Wallet

    Bitcoin is at once anonymous and completely public. You can follow transactions through the system in real time and see where large buys have taken place or, in this case, large transfers. See, after the fall of Silk Road the federal government transferred 26,000 BTC to a private wallet which, at this point has become a target for pranksters who have turned it into a sort of… Read More

  • Deep Web Users Are Ready To Launch Silk Road 2.0

    Deep Web Users Are Ready To Launch Silk Road 2.0

    In an interesting post-mortem release by the creators of the defunct anonymous marketplace Atlantis there is information that the former admins and users of the Silk Road are planning to resurrect the service. User RR writes: “We have SilkRoad v2.0 ready to launch and is now in its final testing stages. Our site has all the features of the original one and we have kept the same style… Read More

  • This Week On The Gadgets Podcast: Silk Road, Instagram Ads, BBM, And The Z30

    This Week On The Gadgets Podcast: Silk Road, Instagram Ads, BBM, And The Z30

    An anonymous, underground drug trafficking web site Silk Road has been busted and the founder has been arrested, effectively shutting down a $1 billion+ revenue business after two years. And in softer tech news, Instagram has revealed plans to put ads in the stream over the next couple months. Meanwhile, BlackBerry continues to be in shambles, with BBM for Android and iOS delayed and the… Read More

  • After Silk Road

    After Silk Road

    The Internet routes around damage. With the fall of the Silk Road there comes the inevitable expectation that the underbelly of the Internet is somehow cut and something important has been removed like a dark organ of indeterminate worth and function. This is not true. As we well know the Silk Road was not the first nor the last online market – even as the Feds celebrate their victory… Read More

  • Court Docs Reveal Reputed Silk Road Founder’s Alleged Murder-For-Hire Plot

    Court Docs Reveal Reputed Silk Road Founder’s Alleged Murder-For-Hire Plot

    For two and a half years, Silk Road was the Deep Web’s worst-kept secret. The underground site was infamous for drug trafficking, gun running and murder for hire – a veritable rogues gallery for underground dealers. Since launching in 2011, the site generated over $1.2 billion in revenue and $79.8 million in commissions. It was one of the not-so-secret successes of the… Read More

  • Bitcoin Falls 15% Following FBI’s Silk Road Seizure

    Bitcoin Falls 15% Following FBI’s Silk Road Seizure

    Bitcoin is taking it on the chin following the FBI seizure of Silk Road, a popular – and partially hidden – marketplace for drugs and other items generally outside the orbit of the law. As TechCrunch reported earlier today, about $1.2 billion in Bitcoin flowed through Silk Road, resulting in a nearly $80 million commission for the service. Bitcoin is responding as you would expect… Read More

  • FBI Seizes Deep Web Black Market Silk Road, Arrests Owner

    FBI Seizes Deep Web Black Market Silk Road, Arrests Owner

    The feds have caught up to the Silk Road. The underground website long known for drug trafficking was seized by the FBI who also arrested the owner on three criminal counts. New York State prosecutors charged Ross William Ulbricht with one count each of narcotics trafficking conspiracy, computer hacking conspiracy and money laundering conspiracy, according to a court filing. Read More

  • Atlantis, The Flashy Silk Road Alternative, Shuts Down

    Atlantis, The Flashy Silk Road Alternative, Shuts Down

    Atlantis was supposed to be a “better” alternative to the popular, but hidden, Silk Road market. In short, it allowed the average user to buy and sell drugs, contraband, and whatever else using an encrypted web session and Bitcoin. Now it’s sunk. Read More

  • The DEA Seized Bitcoins In A Silk Road Drug Raid

    The DEA Seized Bitcoins In A Silk Road Drug Raid

    In the underground world of the deep web there are few places as nefarious as Silk Road. The site, hidden on the Tor network has long been one of the primary venues for buying and selling contraband using Bitcoin. Now, it seems, the DEA has caught on. On June 23, the organization posted in their standard forfeiture announcements that it had seized 11.02 Bitcoins from a Silk Road user named… Read More

  • SecPoint Will Allow You To Access The Secretive Silk Road Black Market From Any Browser

    SecPoint Will Allow You To Access The Secretive Silk Road Black Market From Any Browser

    Needs some pharmacologicals? Dirty deeds done dirt cheap? There’s an app (or website) for that. For years, the Silk Road has been a source for black market dealings. Hidden on the Tor network, Silk Road is technically unreachable from the “normal” Internet without special secure software. Now, however, a few hackers who are attempting to remain nameless are working on a… Read More