Silk Road shut down and 'owner' Ross William Ulbricht arrested
Silk Road's alleged owner Ross William Ulbricht, aka 'Dread Pirate Roberts', has been arrested with reports also claiming the online black market has been shut down by the FBI. Currently, the site, which is operated as a Tor hidden service and is famously used by some bitcoin users to buy drugs, displays a notice stating that the site has been seized. The notice currently displayed on the Silk Road site. According to court documents published on journalist Brian Krebs' website Krebs on Security, Ulbricht was arrested as he "intentionally and knowingly did combine, conspire, confederate and....
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The Silk Road, the largest black market site on the Tor network, has been shut down by the United States' Federal Bureau of Investigation, and its alleged owner, Ross William Ulbrecht, arrested in San Francisco and charged with narcotics trafficking conspiracy, computer hacking conspiracy and money laundering conspiracy. With the closure of the site, the FBI has also made the largest seizure of bitcoins, or indeed Bitcoin-related funds, to date: 26000 BTC, or $3.6 million. Ross Ulbricht appears to have a public LinkedIn profile, where he describes himself as an "investment adviser and....
A year has passed since the FBI shut down black marketplace Silk Road and arrested its alleged founder, Ross William Ulbricht. Much has happened in the bitcoin world since these events, yet the shadow of Silk Road still hangs over the industry. Twelve months later, it remains an influence on bitcoin's mainstream perception, the proposed regulation targeting the industry and the entrepreneurs and developers working in the space. Whether you believe Silk Road to be another speed bump on bitcoin's road to mass adoption or a black mark that could threaten its future, it is never far from the....
Silk Road 2.0 has reimbursed over half its users since the February heist and has no plans to stop. It seems like Silk Road is far more resilient than most people thought. Back in May 2013, Silk Road went down due to a sustained DDoS attack, but site admins were soon able to restore the service. Then in October 2013, the United States FBI shut down the illegal online drug marketplace and arrested the site's owner - Ross Ulbricht, formerly only known as “Dread Pirate Roberts”. Many Silk Road users feared that the site was gone for good, but on 6 November 2013, site admins launched “Silk....
The closure of Silk Road, the seizure and disposal of the Bitcoin assets, and the ongoing criminal charges against Ross William Ulbricht, the alleged owner, is potentially hugely damaging to all legitimate online businesses. These actions are indicative of a frightening lack of understanding of the nature of a state and the powers that it is and isn't correct for a state to enforce. It has been claimed that Silk Road was used for trading illegal narcotics, so the U. S. government swooped, on Silk Road and Ulbricht. The Silk Road's alleged owner is now facing a staggering array of criminal....
Ross Ulbricht was arrested in October 2013, with the FBI accusing him of being behind the dark web site Silk Road. He has been charged with narcotics trafficking, computer hacking and money laundering. Click below to view an interactive timeline of Ulbricht's legal battle. This article is part of CoinDesk's Silk Road: One Year On series. Keep checking back for new additions to the series. Calendar. Ross UlbrichtTimelines