The biggest story of the week biggest tech story of the week (obviously the shutdown is the biggest general interest story of the week) is that the Feds (claim to have) busted Silk Road, the anonymous, Bitcoin driven marketplace for illegal drugs and other wares. Here are some of the most interesting follow-up stories I read this week:
The FBI has arrested the San Francisco man they say ran Silk Road, the notorious underground digital bazaar that allowed traffickers to anonymously peddle heroin, cocaine and nearly anything else illegal.
Ross William Ulbricht, 29, who allegedly operated the site as “Dread Pirate Roberts,” was charged with narcotics trafficking conspiracy, computer hacking conspiracy and money laundering conspiracy. […]
Hundreds of illicit drugs were available for anyone to purchase on Silk road, from Afghani hash to LSD and ecstasy, though the terms of service did provide some limitations – they prohibited the sale of weapons of mass destruction, the solicitation of murder, or the sale of stolen bank card data or anything else whose purpose was to harm or defraud.
Ulbricht allegedly violated his own rule, however, when earlier this year he allegedly solicited a murder-for-hire of another Silk Road member who was threatening to release the identities of thousands of users of the site, according to the criminal complaint unsealed this morning. Ulbricht hasn’t been charged with conspiracy to commit murder, however.