OpenRuby.com

03 Feb '13, 12am

Police crack down on Silk Road following first drug dealer conviction #tor #bitcoin #blackmarket

Police crack down on Silk Road following first drug dealer conviction #tor #bitcoin #blackmarket

An Australian drug dealer has become the first person to be convicted of a Silk Road-related crime, after using the black marketplace to buy a stash of MDMA, amphetamine, marijuana and cocaine. People can buy goods from Silk Road only by connecting with the anonymising Tor network and using Bitcoins . The marketplace has very few restrictions on what people can sell, but is largely used for trading drugs. An August 2012 study by security researchers at Carnegie Mellon University revealed that the Silk Road trades items worth £1.22 million every month. According to a report in The Age Paul Leslie Howard used Silk Road to buy and import the illicit drugs on 11 different occasions. Australian Customs and Border Protection Service officers in Melbourne and Sydney examined mail -- most of which came from the Netherlands and Germany -- destined for his home. They found 46.9 gram...

Full article: http://www.wired.co.uk/news/archive/2013-02/01/silk-road-...

Tweets

CNB seizes drugs worth over $132,000; first large drug haul of 2013 - Channel NewsAsia:

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Ringmer Road Southbound via @buscmscom

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