Posts tagged Silk Road
After 13 short days of trial, Ross Ulbricht has been convicted of running the unprecedented, anonymous online black market known as the Silk Road. In terms of drama, those days included everything: a hidden drug empire, a secret journal, lofty ideals, friendship and betrayal, deception, threats of violence, and in the end, a highly coordinated law enforcement sting operation. The jury in Ulbricht’s case deliberated for only three and a half hours before convicting him on all counts, including conspiring to sell narcotics, hacking software and counterfeit documents, and a “kingpin” charge usually reserved for organized crime bosses. But despite that quick outcome, the case will be remembered for delving into issues as varied as bitcoin’s legal status as money, the FBI’s right to warrantlessly hack into foreign servers used by Americans, and the power and limits of anonymity on the internet.
It appears the Federal Bureau of Investigation has finally cracked down on Silk Road, the underground marketplace where users could buy cocaine, heroin, meth, and more using the virtual currency Bitcoin. Journalist Brian Krebs has just published a purported copy of a complaint filed in the Southern District of New York against Ross Ulbricht, who is alleged to be the mastermind behind the site and the handle Dread Pirate Roberts. Ulbricht is being charged with narcotics trafficking conspiracy, computer hacking conspiracy, and money laundering conspiracy. The site, which is only accessible through the anonymizing Tor network, has been pulled and replaced with an FBI notice. The Silk Road forums are still operating, suggesting they were hosted on a different server.