silk road

  • U.S. Marshals Complete Second Auction Of Silk Road Bitcoin

    U.S. Marshals Complete Second Auction Of Silk Road Bitcoin

    The U.S. Marshals Service has completed the second auction of bitcoin seized from the original Silk Road. The auction, consisting of 50,000 BTC, is the latest in a seized BTC sell-off that began in June. Read More

  • Nearly Half Of The Operation Onymous Takedowns Were Scam Or Clone Sites

    Nearly Half Of The Operation Onymous Takedowns Were Scam Or Clone Sites

    While the FBI was able to take down a number of popular Dark Web sites including the Silk Road 2, it seems the wide-ranging attacks targeted mostly fake sites. Friend of TC Nik Cubrilovic has taken a closer look at the sites the FBI attacked and found that 153 of the 276 them were spam sites or clones. “Of the 153 clone or scam sites, 133 were clones and 20 were scam or phishing… Read More

  • More Dark Markets Shut As Authorities Lead Crackdown

    More Dark Markets Shut As Authorities Lead Crackdown

    The UK National Crime Agency has posted a notice describing a series of six arrests that coincided with the takedown of the Silk Road 2.0. Authorities have also taken down two other dark markets, Hydra and Cloud 9, both hidden on the TOR network. ´┐╝The six people arrested on suspicion of being concerned in the supply of controlled drugs were a 20-year-old man from Liverpool city centre, a… Read More

  • Former Space X Employee Arrested For Alleged Silk Road 2.0 Involvement

    Former Space X Employee Arrested For Alleged Silk Road 2.0 Involvement

    The alleged operator of the Silk Road 2.0, Blake Benthall, has been arrested by the FBI in San Francisco after federal agents shut down the site on Wednesday. The site was a copy of the original Silk Road, a secure black market site allegedly run by Ross Ulbricht. The FBI announced the arrest on its New York Twitter feed. Read More

  • Expert Witness For Silk Road Suggests FBI Lied About How They Accessed Back-End Servers

    Expert Witness For Silk Road Suggests FBI Lied About How They Accessed Back-End Servers

    According to a court document released today, expert witness Joshua J. Horowitz, a lawyer and tech expert, believes the FBI is not telling the whole truth when it comes to how they found the back-end server owned by the alleged Silk Road mastermind Ross Ulbricht. In the document, reproduced below, Horowitz says that his “practice is concentrated on criminal defense matters that… Read More

  • The Feds Found The Silk Road’s Ross Ulbricht Thanks To A Leaky CAPTCHA

    The Feds Found The Silk Road’s Ross Ulbricht Thanks To A Leaky CAPTCHA

    You may have heard that the infamous Dread Pirate Robets AKA Ross Ulbricht’s Silk Road was taken down thanks to a problem in his anonymous Tor server. Now, however, Brian Krebs has shown us just how the Feds found Ulbricht’s server and, additionally, the pirate himself. A hole in the Silk Road’s anonymity appeared because of a leaky CAPTCHA prompt. CAPTCHA, as we all well… Read More

  • 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