03 Oct '13, 1am

End of Silk Road for drug users as FBI shuts down illicit website

End of Silk Road for drug users as FBI shuts down illicit website

The manhunt ended with the arrest of an unlikely suspect: Ross William Ulbricht, a 29-year-old former physics student from San Francisco. Prosecutors on Wednesday described Ulbricht as a criminal mastermind who built an illegal drug empire that they estimated had $1.2 billion in sales over the last three years, earning him $80 million. Silk Road was the drug world's equivalent of EBay, acting as a matchmaker between dealers and buyers worldwide. Authorities allege that the wrongdoing went far beyond narcotics. The site was also a marketplace for firearms, ammunition and computer hacking services. And Ulbricht was accused in separate complaints of paying for the attempted murders of two business associates who he believed had crossed him. The arrest underscores the extensive use of the Internet by criminals who frequently mimic the legitimate business models of Internet ret...

Full article: http://www.latimes.com/business/la-fi-silk-road-bitcoin-2...

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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...

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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...

Bitcoin falls after Silk Road arrest

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

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

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Silk Road

Silk Road

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

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businessinsider.com 02 Oct '13, 5pm

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theguardian.com 02 Oct '13, 11pm

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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...

Silk Road

theguardian.com 02 Oct '13, 3pm

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What seizure of illicit Silk Road means for virtual currency Bitcoin - Los Angeles Times

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