FBI arrests Silk Road drugs site suspect

siljaline · Jan 27, 2014

Winklevoss-Funded Bitcoin Startup CEO Arrested In Silk Road Investigation

The widening circle of arrests in the investigation of the Silk Road and other “dark web” black market sites just extended into the heart of the Bitcoin community.
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http://www.forbes.com/sites/andygre...rtup-ceo-arrested-in-silk-road-investigation/

siljaline · Jan 29, 2014

Bitcoin Investors Ask For 'Safe Harbor' Exceptions In Proposed 'BitLicense' Regulations

Bitcoin’s reputation may have been bruised by its connection to the Silk Road black market and Monday’s indictment of Bitcoin Foundation vice chairman Charlie Shrem. But a panel of Bitcoin-focused investors argued to New York financial regulators Tuesday that Bitcoin’s criminal use is the exception rather than the norm, and that it’s still possible to regulate the digital currency deftly enough to avoid suffocating its potential as a new means of seamless online transactions.
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http://www.forbes.com/sites/andygre...xceptions-in-proposed-bitlicense-regulations/

siljaline · Jan 30, 2014

Law Enforcement Strikes Back in Bitcoin Hearing

Law enforcement officials testified on Wednesday that virtual currencies like Bitcoin have opened up new avenues for crime that government has not been able to keep up with.

The most forceful statements came from a prosecutor with the United States attorney’s office in Manhattan, Richard B. Zabel, during the second day of hearings about virtual currencies held by New York’s top financial regulator, Benjamin M. Lawsky.
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http://dealbook.nytimes.com/2014/01/29/law-enforcement-strikes-back-in-bitcoin-hearing/

Dermot7 · Feb 4, 2014

Four months after FBI agents arrested Ross Ulbricht, the alleged creator of the Silk Road online black market for drugs, he’s finally been formally indicted. And prosecutors have thrown in a serious new charge that’s usually reserved for not just common criminals, but mafia dons and drug cartel kingpins–with an extra 20 years minimum prison time attached to it.
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http://www.forbes.com/sites/andygre...-charge-another-20-years-minimum-prison-time/

siljaline · Feb 5, 2014

For those following the Silk Road story:
Dread Pirate Roberts 2.0: An interview with Silk Road’s new boss
http://arstechnica.com/tech-policy/...ts-2-0-an-interview-with-silk-roads-new-boss/

siljaline · Feb 5, 2014

Alleged Silk Road Founder Indicted Again, This Time in New York

Federal authorities today announced a Grand Jury indictment against Ross Ulbricht, the alleged founder and owner of the underground drug emporium Silk Road.

The indictment, in New York, includes one count for narcotics conspiracy, one count of running a criminal enterprise, one count of conspiracy to commit computer hacking and one count of money laundering, according to the indictment.
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http://www.wired.com/threatlevel/2014/02/ross-ulbricht-indictment-ny/

Those with Twitter accounts may follow Kim's Tweets - https://twitter.com/KimZetter

siljaline · Feb 6, 2014

Apple Yanks World’s Most Popular Bitcoin Wallet From App Store

Apple has removed the world’s most popular bitcoin wallet from its App Store.

Late Wednesday, the tech giant yanked the Blockchain app from the popular mobile app marketplace and did not provide a specific reason, says Nicolas Cary, the CEO of Blockchain. The app is currently used by about 120,000 people to send and receive the world’s most popular digital currency. Blockchain users can still run the app on their iPhones and Macs, but they will no longer be able to get software updates via Apple. There are more than 1 million Blockchain users worldwide.
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http://www.wired.com/wiredenterprise/2014/02/blockchain_apple/

ronjor · Feb 7, 2014

Alleged Silk Road Creator Ross Ulbricht Pleads Not Guilty On All Charges

Andy Greenberg, Forbes Staff

Last November, Ross Ulbricht’s lawyer Joshua Dratel told reporters only hours after first meeting his client that he planned to show that Ulbricht is not the “Dread Pirate Roberts” who created the Silk Road anonymous drug site. It seems he wasn’t bluffing.
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http://www.forbes.com/sites/andygre...ss-ulbricht-pleads-not-guilty-on-all-charges/

siljaline · Feb 9, 2014

The coin prince: inside Bitcoin's first big money-laundering scandal
http://www.theverge.com/2014/2/4/53...m-bitinstant-bitcoin-money-laundering-scandal

siljaline · Feb 9, 2014

Trial for alleged Silk Road creator Ross Ulbricht set for November

IDG News Service - Ross Ulbricht, the alleged creator of the Silk Road online black market, will go to trial in November and be held until then without bail, the U.S. Department of Justice said Friday.

Ulbricht has pled not guilty to a range of changes tied to his alleged activities with Silk Road, including a so-called "kingpin" charge often reserved for organized crime groups. He was arraigned Friday at the U.S. Court for the Southern District of New York in Manhattan.
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http://www.networkworld.com/news/2014/020814-trial-for-alleged-silk-road-278578.html

siljaline · Feb 10, 2014

Mac trojan steals Bitcoins
http://www.zdnet.com/mac-trojan-steals-bitcoins-7000026144/

siljaline · Feb 11, 2014

Bitcoin exchanges buckle under strain of phantom transactions

Denial-of-service attacks prompt withdrawal suspensions, touch off price declines.

Mt. Gox, Bitstamp, and other Bitcoin exchanges have temporarily suspended withdrawal transactions after coming under a form of a denial-of-service attack that abuses weaknesses in the way they keep track of fund balances, a security expert said.
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http://arstechnica.com/security/201...-buckle-under-strain-of-phantom-transactions/

siljaline · Feb 12, 2014

CoinThief Bitcoin Trojan Found on Popular Download Sites

Phony Bitcoin ticker apps hosted on popular sites Download.com and MacUpdate.com are fronts for the OSX/CoinThief Trojan, which was built to steal Bitcoin wallet credentials and keys, and to date has drained a small number of accounts.

SecureMac lead developer Nicholas Ptacek said new variants of the Trojan targeting Mac OS X users were found on the sites and also include a browser extension for Firefox. Previous versions of CoinThief spread through a GitHub page that has since been taken down and included extensions for Safari and Google Chrome only.
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http://threatpost.com/cointhief-bitcoin-trojan-found-on-popular-download-sites/104234

siljaline · Feb 13, 2014

Silk Road 2.0 'Hacked' Using Bitcoin Bug, All Its Funds Stolen

The same bug that has plagued several of the biggest players in the Bitcoin economy may have just bitten the Silk Road.

On Thursday, one of the recently-reincarnated drug-selling black market site’s administrators posted a long announcement to the Silk Road 2.0 forums admitting that the site had been hacked by one of its sellers, and its reserve of Bitcoins belonging to both the users and the site itself stolen. The admin, who goes by the name “Defcon,” blamed the same “transaction malleability” bug in the Bitcoin protocol that led to several of the cryptocurrency’s exchanges halting withdrawals in the previous week.
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http://www.forbes.com/sites/andygre...acked-using-bitcoin-bug-all-its-funds-stolen/

lotuseclat79 · Mar 6, 2014

FBI believes small Pennsylvania hosting company is connected to Silk Road.

Affidavit says JTAN, a privacy-minded firm, was backing up Silk Road's server.
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-- Tom

siljaline · Apr 1, 2014

Alleged Silk Road owner says he can't be guilty of money laundering if bitcoin isn't money

Ross Ulbricht, who stands accused of running the Silk Road black market under the name "Dread Pirate Roberts," says that new Federal bitcoin laws make the charges against him invalid. In a filing over the weekend, Ulbricht's lawyers defended him against charges of hacking, narcotics trafficking, operating a criminal conspiracy, and money laundering. The first three charges, his lawyers argue, are "unconstitutionally broad" and can't be applied to the normal operation of a website, even one whose business is illegal goods. And the last charge, they say, makes no sense if there isn't actual money involved — a possibility implied by a recent IRS decision.
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http://www.theverge.com/2014/4/1/55...er-says-he-cant-be-guilty-of-money-laundering

Dermot7 · Apr 14, 2014

(Reuters) - Prominent bitcoin entrepreneur Charlie Shrem has been indicted by a federal grand jury in New York on charges of funneling cash to the illicit online marketplace Silk Road.
Shrem, known as one of the digital currency's most visible promoters, is accused of conspiring with a Florida man, Robert Faiella, to sell more than $1 million in bitcoins to the users of Silk Road despite knowing that it would be spent on illegal uses like drug trafficking.
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http://www.reuters.com/article/2014/04/14/us-usa-crime-bitcoin-idUSBREA3D1RU20140414

siljaline · Apr 14, 2014

Dermot7 said: ↑

http://www.reuters.com/article/2014/04/14/us-usa-crime-bitcoin-idUSBREA3D1RU20140414
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^^ What he said ^^

siljaline · Apr 18, 2014

New Google for the Dark Web makes buying Guns and Dope easy

The dark web just got a little less dark with the launch of a new search engine that lets you easily find illicit drugs and other contraband online.

Grams, which launched last week and is patterned after Google, is accessible only through the Tor anonymizing browser (the address for Grams is: grams7enufi7jmdl.onion) but fills a niche for anyone seeking quick access to sites selling drugs, guns, stolen credit card numbers, counterfeit cash and fake IDs — sites that previously only could be found by users who knew the exact URL for the site.
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http://www.wired.com/2014/04/grams-search-engine-dark-web/

lotuseclat79 · Apr 20, 2014

How the Deep Web's biggest 4/20 sale helped bring down the Silk Road.

-- Tom

ronjor · Apr 24, 2014

Silk Road vendor pleading guilty to selling massive amounts of illicit drugs

"SuperTrips" sold everything from cocaine and ecstasy to LSD and marijuana.

by David Kravets - Apr 24 2014, 4:20pm CST
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http://arstechnica.com/tech-policy/...-to-selling-massive-amounts-of-illicit-drugs/

siljaline · Apr 26, 2014

The Silk Road, for all its clever uses of security protections like Tor and Bitcoin to protect the site’s lucrative drug trade, still offered its enemies a single point of failure. When the FBI seized the server that hosted the market in October and arrested its alleged owner Ross Ulbricht, the billion-dollar drug bazaar came crashing down.
If one group of Bitcoin black market enthusiasts has their way, the next online free-trade zone could be a much more elusive target.
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http://www.wired.com/2014/04/darkmarket/

siljaline · Apr 30, 2014

Silk Road drug sales going strong after 'Dread Pirate Roberts' arrest

The Silk Road has stabilized, brushing off any repercussions from last year's arrest of its alleged leader "Dread Pirate Roberts," an Internet safety watchdog has found.

The virtual underground marketplace, made famous by a high-profile takedown in San Francisco last year, has maintained its place as the largest and best-known online black market for illegal drugs, according to a Digital Citizens report released Wednesday.[...]
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http://www.cnet.com/news/silk-road-drugs-sales-going-strong-following-dread-pirate-roberts-arrest/

siljaline · May 30, 2014

Life after Silk Road: how the darknet drugs market is booming
Buying drugs and weapons online is far easier since the closure of Silk Road in 2013, after a dozen new sites have taken its place

When the Silk Road website was busted in October 2013, the closure took out 13,648 different drug deals, according to research by US online safety group, Digital Citizens Alliance (pdf). Yet today, the dark web is teeming with dozens of new markets and thousands of new dealers serving a growing consumer base.
This week, a search of the revived Silk Road site, which has been back online since November 2013, showed 13,472 different drug deals. And according to a recent Reddit.com post, new darknet markets carry a total of 33,985 different drug deals – an almost threefold increase in darknet drug-dealing activity in just eight months.
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http://www.theguardian.com/technolo...-road-how-the-darknet-drugs-market-is-booming

Cutting_Edgetech · May 30, 2014

You would think the NSA working with the FBI could track these people down easier. Maybe they are spending too much time collecting information on non threatening targets, and have their priorities misplaced. Tor has great uses, but it is a haven for criminal activity. I would say the number of people using Tor for criminal activity far outnumber the number of people using it for activism/humanitarian causes which is really sad

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