Welshman Pleads Guilty To Five Counts of Drugs Distribution Through Silk Road 2.0

Welshman Pleads Guilty To Five Counts of Drugs Distribution Through Silk Road 2.0

The Silk Road 2.0 saga continues, a 29-year old Briton has pleaded guilty to supplying and possessing drugs on the Silk Road 2.0 platform. Silk Road 2.0 was the successor of nefarious drug-dealing platform Silk Road, created by Ross Ulbricht in order to create a use case for popular digital currency Bitcoin. The history of Bitcoin has been plagued by both Silk Road and Silk Road 2.0 platforms. Not because these platforms created new use cases for the popular digital currency, but because they are both associated with illegal substances, drugs and other illicit dealings. Ever since both....


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Welshman Pleads Guilty to Silk Road 2.0 Drug Offences

A man in Wales has pleaded guilty to drug-related charges in a case stemming from the closure of dark marketplace Silk Road 2.0. 29-year-old Cei William Owens of Aberystwyth pleaded guilty to five charges at the Swansea Crown Court on Monday - supplying or offering to supply class A and B drugs, as well as three counts of possession, according to Wales Online. Owens, who allegedly sold magic mushrooms and cannabis on the site, was arrested as part of a National Crime Agency operation last year. Five other individuals across the UK were also arrested. No deal with prosecutors was involved.....

Silk Road Programmer Pleads Guilty to Making False Statements

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US Announces ‘Historic $3.36 Billion Cryptocurrency Seizure’ as Silk Road Bit...

The man who stole over 50,000 bitcoins from the Silk Road marketplace has pleaded guilty. According to the U.S. Department of Justice, “the seizure was then the largest cryptocurrency seizure” in the history of the DOJ and “remains the department’s second-largest financial seizure ever.” Silk Road Exploiter Pleads Guilty The U.S. Department of Justice (DOJ) announced Monday that James Zhong pleaded guilty on Friday “to committing wire fraud in September 2012 when he unlawfully obtained over 50,000 bitcoin from the Silk Road dark web....

US Silk Road Agent Pleads Guilty to Money Laundering

A US secret service agent who stole $820,000 worth of bitcoin pled guilty yesterday to money laundering and obstruction of justice. Shaun W Bridges was part of an investigation into Silk Road, an black marketplace hosted on the deep web, which allowed people to sell illegal drugs in return for bitcoin. In his plea agreement, Bridges, 32, of Laurel, Maryland, admitted to moving 20,000 BTC (worth around $350,000 at the time) from Silk Road accounts to a wallet he controlled. He did this in January 2013 by using an administrator account to reset passwords and pins of a number of accounts on....

Silk Road 2.0 Admin Gets an 8-Year Prison Sentence

28-year-old Brian Farrell aka “DoctorClu”, a senior admin and second-in-command on Silk Road 2.0, the copycat clone of the original underground darknet website Silk Road was sentenced to eight years in prison. DoctorClu, the right-hand man to Silk Road 2.0 chief Blake Benthall aka “Defcon” and second-highest admin at Silk Road 2.0 was sentenced to 8 years in prison after pleading guilty to one count of distribution of cocaine, heroin and methamphetamine. Brian Farrell, plead guilty in March 2016 and his plea was accepted the following month. The charge carries a minimum sentence of five....