Silk Road 2 Admin Forfeits $667,000 in Bitcoin to British Law Enforcement
According to reports, the founder of the now-defunct Silk Road 2 marketplace has forfeited more than half-million dollars worth of bitcoin to British authorities. White’s Silk Road 2 admin handle was called “Cthulhu,” and he also dubbed himself as “DPR2.” Silk Road 2 Admin Thomas White Forfeits $667K in Bitcoin In April 2019, Bitcoin.com News reported on Thomas White, the lead administrator of the now-defunct Silk Road 2 darknet marketplace (DNM), getting sentenced to five years in prison. The Silk Road 2 (SR2) DNM was the original Silk....
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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....
The latest reincarnation of the deep web marketplace, in the form of Silk Road 3.0 is started by the people behind Crypto Market. Will they be able to live up to the expectations? Silk Road is reincarnated for the fourth time. The deep web marketplace is back online after its predecessors were forcibly shut down by the law enforcement agencies resulting in the creator’s arrest and incarceration. Silk Road used to be a network of trade routes traversing through the whole of Asian continent to connect with the Mediterranean Sea. It originally got its name for being the route taken by 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....
A proliferation of illegal activities admittedly took place on darknet Silk Road marketplace. Very quickly, politicians like Charles Schumer took aim at the Silk Road. Brought down in 2013 by law enforcement, the Silk Road did put an idea into society that is likely here to stay; distributed e-commerce, anonymous and peer-reviewed as can be through the use of digital currency. At its heart: Bitcoin. A digital currency founded in 2008 by an unknown developer, who goes by the name Satoshi Nakamoto, that allows for pseudonymous transactions. Ross Ulbricht, convicted Silk Road founder,....
Writing on Gizmodo Australia, Kate Knibbs acutely observes that there are three things you can count on in life: Death, taxes, and people buying drugs on the internet. Two days ago, the FBI and other international law enforcement agencies shut down Silk Road 2.0 and other online drug markets, and arrested tens of people. Of course, there is already a Silk Road 3.0, and it seems likely that other Silk Roads will follow. The news about Silk Road 3.0 were first reported by Business Insider and shared on Reddit yesterday, but without revealing the address of the new online crypto market.....