Australia May Extradite Alleged Silk Road Moderator to US
An Australian man prosecutors allege was one of the moderators of now-defunct online black market Silk Road will likely be sent to the United States for trial soon. Peter Phillip Nash, a former prison employee in Wacol, Queensland, is said to have operated via nicknames that included "Batman73" and "Samesamebutdifferent", on the notorious illicit goods marketplace that boasted an estimated $22m in annual sales. If the charges are true, Nash was one of the key actors working on Silk Road. According to the US District Court Southern District of New York indictment from December 2013, his....
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Online black market Silk Road 2.0, the marketplace leader in drug listings and total listings, has revealed a new update on the status of its ongoing customer repayment efforts. The reimbursement plan was put in motion by Silk Road 2.0 after the site suffered a serious hack in February that resulted in the loss of 4,476 BTC in customer funds ($2.6m at then-market prices). Undeterred, Silk Road 2.0 proposed a seven-point plan that would find moderators going without payment and the site charging a markup on purchases to recoup the losses. Moderator Defcon issued a lengthy statement on a....
Online black market Silk Road 2.0 experienced a distributed denial-of-service (DDoS) attack last week, which forced the site's administrators to temporarily suspend services. News of the attack broke on bitcoin forums hours after it started, with the Silk Road team soon confirming the news via its own forums. For reasons that are less clear, black market Agora has faced outage issues problems of its own in the last few days. Silk Road remains defiant. Silk Road 2.0 moderator 'Defcon' issued a statement saying that the site was facing a "very sophisticated" DDoS attack using the most....
Ross Ulbricht will no longer be standing trial on November 10th, 2014 for his alleged part in the Silk Road underground marketplace. Instead, Wired Reporter Andy Greenberg has reported that the trial has been delayed by two months, to January 2015. Ross Ulbricht faces multiple charges of drug trafficking, computer hacking, money laundering, and "continuing a criminal enterprise." The charges are serious to say the least. Silk Road, an infamous Deep Net marketplace billed as "Amazon for drugs," was taken offline by joint government agency action in October of 2013. On that day, the FBI....
Irishman Gary Davis, 28, has been ordered to be extradited to the United States for his alleged participation with the Silk Road Marketplace. The Kilpedder in Co Wicklow resident was charged with two others of conspiracy to distribute illicit drugs, computer espionage, and money laundering charges. Irishman With Aspergers May Face Trial In New York For....
Here at CryptoCoinsNews we have been following the story of Ross Ulbricht, the alleged leader and criminal mastermind behind Bitcoin-dependent website Silk Road. The website was taken down by federal authorities in 2013, and Ulbricht arrested. The trial is set to begin this week, and the evidence against him has long since been released. Now, the actual charges and potential sentence are revealed, as he looks at life in prison for multiple counts and criminal offenses related to his alleged control of Silk Road. Also read: Judge Rejects Ross Ulbricht's Silk Road Defence On a Technicality.....