Tagsilk road

Silk Road Round-Up

Black Market Reloaded screenshot

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:

FBI agent Christopher Tarbell busted both LulzSec’s Sabu and Silk Road.

But the guy they arrested claims he’s innocent

One of my favorite takes on Silk Road and its significance, particularly with regards to making the drug trade less violent.

But for better or worse, there are other competitors to Silk Road.

That’s because the Feds busted Silk Road, not Tor.

More about Ross Ulbricht, the man allegedly behind Silk Road.

Feds Raid Silk Road

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Kim Zetter reports for Wired:

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.

Full Story: Wired: Feds Arrest Alleged ‘Dread Pirate Roberts,’ the Brain Behind the Silk Road Drug Site

Previously: A Bitcoin-based E-Bay for Illegal Drugs

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