02 Oct '13, 6pm

FBI arrests Silk Road's "Dread Pirate Roberts," Bitcoin trading jolted

FBI arrests Silk Road's "Dread Pirate Roberts," Bitcoin trading jolted

The FBI on Wednesday shut down Silk Road, a notorious online market, and charged its 29-year-old administrator, known as Dread Pirate Roberts, for drug trafficking and computer hacking conspiracy. In a detailed complaint, an FBI agent described Silk Road as the ”most sophisticated and extensive criminal marketplace on the Internet today” and pointed to service categories like ”Counterfeit Bills,” “Firearms + Ammunition” and “Hitmen (10+ countries).” The complaint claims that the site brokered $1.2 billion in sales in its two-and-a-half year existence, and that the site owners reaped $80 million in commission. The sales all took place in Bitcoin , a synthetic currency that affords its users a high degree of anonymity. Reuters, which reported that the Dread Pirate Roberts was arrested in San Francisco, said authorities seized $3.6 million worth of Bitcoin. The FBI agent’s al...

Full article: http://gigaom.com/2013/10/02/fbi-arrests-silk-roads-dread...

Tweets

Silk Road ends: Feds arrest 'Dread Pirate Roberts,' alleged founder of largest Bitcoin drug market

Silk Road ends: Feds arrest 'Dread Pirate Rober...

boingboing.net 02 Oct '13, 5pm

j. Several hours later on March 29, 2013, DPR sent a message to "redandwhite," stating that is "causing me problems," and ...

Bitcoin falls after Silk Road arrest

bbc.co.uk 03 Oct '13, 12pm

Continue reading the main story HOW BITCOINS WORK Bitcoin is often referred to as a new kind of currency. But it may be be...

Bitcoin falls after Silk Road arrest

bbc.co.uk 03 Oct '13, 12pm

Continue reading the main story HOW BITCOINS WORK Bitcoin is often referred to as a new kind of currency. But it may be be...

#Bitcoin

#Bitcoin

theverge.com 02 Oct '13, 3pm

It appears the Federal Bureau of Investigation has finally cracked down on Silk Road, the underground marketplace where us...

Silk Road

Silk Road

rt.com 02 Oct '13, 3pm

FBI seizes ‘Silk Road' black market domain, arrests owner Published time: October 02, 2013 15:48 Get short URL Reuters / T...

Why Dread Pirate Roberts didn't take #Bitcoin down with his ship: #silkroad #btc

Why Dread Pirate Roberts didn't take #Bitcoin d...

dailydot.com 03 Oct '13, 5pm

The crypto-currency Bitcoin , the world’s most popular form of digital money, has been prone to pronounced spikes and prec...

Bitcoin value plummeting following the Silk Road shut down by the FBI

Bitcoin value plummeting following the Silk Roa...

businessinsider.com 02 Oct '13, 5pm

The FBI seized Silk Road this morning . Silk Road is a website that let people anonymously buy illegal drugs using Bitcoin...

Bitcoin falls after Silk Road arrest: The price...

bbc.co.uk 03 Oct '13, 12pm

Continue reading the main story HOW BITCOINS WORK Bitcoin is often referred to as a new kind of currency. But it may be be...

Strange that Silk Road's Dread Pirate Roberts w...

forbes.com 03 Oct '13, 12am

In the one of the two cases, filed in a Maryland district court, a criminal complaint against Ulbricht describes how an un...

BitCoin Plunges Following US Government Seizure Of Silk Road Website

BitCoin Plunges Following US Government Seizure...

zerohedge.com 02 Oct '13, 5pm

Earlier today, one of the most popular websites that use and promote the use of BitCoin, Silk Road, was shut down by the U...

FBI claims largest Bitcoin seizure after arrest...

theguardian.com 02 Oct '13, 11pm

US authorities have arrested Ross William Ulbricht, 29, alleged to be the owner and operator of Silk Road, the best-known ...

CHART OF THE DAY: Bitcoin collapses following Silk Road shutdown

CHART OF THE DAY: Bitcoin collapses following S...

businessinsider.com 02 Oct '13, 7pm

FBI seized and shut down Silk Road , a website that allowed customers to buy illegal drugs using Bitcoin. As part of the b...

Silk Road

Silk Road

nation.time.com 02 Oct '13, 4pm

Silk Road, where cocaine and heroin were trafficked, is an online drug marketplace that exists on the “Deep Web,” a portio...

'Dread Pirate Roberts' Charged In 2nd Silk Road Murder-For-Hire Plot, Over Bitcoin Debt

'Dread Pirate Roberts' Charged In 2nd Silk Road...

businessinsider.com 03 Oct '13, 4am

Following that, Ulbricht came to believe that an "employee" of Silk Road — a site protected by the encrypted Tor network —...

Bitcoin Falls 15% Following FBI's Silk Road Seizure

Bitcoin Falls 15% Following FBI's Silk Road Sei...

techcrunch.com 02 Oct '13, 5pm

Bitcoin is taking it on the nose following the FBI seizure of Silk Road, a popular – and partially hidden – marketplace fo...