Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales.

Black Market Drug Site 'Silk Road' Booming: $22 Million In Annual Sales

forbes.com 07 Aug '12, 3am

Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales.

In the year since Senator Joe Manchin called for the “audacious” drug-selling website Silk Road to be “shut down immediately,” the world’s most high-profile underground pharmacy hasn’t just survived. With $22 million in annual sales and around double the commission for the site’s owners compared with just six months ago, its black market business is booming. In a research paper (PDF here ) released earlier this month, Carnegie Mellon computer security professor Nicolas Christin has taken a crack at measuring the sales activity on Silk Road’s underground online marketplace, which runs as a “hidden service” on the Tor network and uses tough-to-trace digital Bitcoins as currency, two measures that have helped to obscure its sellers, buyers and operators from law enforcement. His findings: the site’s number of sellers, who offer everything from cocaine to ecstasy, has jumped f...

Full article: http://www.forbes.com/sites/andygreenberg/2012/08/06/blac...

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@cause_less » 29 Aug '12, 11am
Bitcoinでの違法薬物取引＋ロンダリングも増えているようだ [link] RT @kumicit: 典型的なマネーロンダリングとして知られているのが、ブラックマーケットペソエクスチェンジ。 [link]
@Imokon » 10 Aug '12, 5am
Black Market Drug Site 'Silk Road' Booming: $22 Million In Annual Sales - Forbes [link] || so sad for Bitcoin :/
@G4_Cube » 09 Aug '12, 4pm
RT @Kole_tech: Black market drug site $22 mil in revenue [link] | #SilkRoad #Drugs #Bitcoin #Tor
@Kole_tech » 09 Aug '12, 4pm
Black market drug site $22 mil in revenue [link] | #SilkRoad #Drugs #Bitcoin #Tor
@PhilipK_Ca » 08 Aug '12, 6pm
@Forbes realsed a story on how $22 Million in drugs are sold using BitCoin and the Tor Network via the Silk Road yearly [link]
@arkepp » 08 Aug '12, 7am
#silkroad omsetter narkotika m.m. for 22 millioner dollar i året med #bitcoin og #tor [link]
@pro2rat » 08 Aug '12, 1am
RT @jerrybrito: Black Market Drug Site ‘Silk Road’ Booming: $22 Million In Annual Sales, 98% satisfaction rate #bitcoin [link]
@Bittirahafi » 07 Aug '12, 9pm
Notorious black market site Silk Road is growing rapidly. Monthly sales are currently at $2M. [link] #bitcoin
@Sorcier_FXK » 07 Aug '12, 8pm
RT @bitcoin_ita: Black Market Drug Site 'Silk Road' Booming: $22 Million In Annual Sales - Forbes [link] #bitcoin #silkroad
@bitcoin_ita » 07 Aug '12, 8pm
Black Market Drug Site 'Silk Road' Booming: $22 Million In Annual Sales - Forbes [link] #bitcoin #silkroad
@AmbiComECare » 07 Aug '12, 8pm
Black Market Drug Site 'Silk Road' Booming: $22 Million In Annual Sales [link] #business #economy #market #bitcoin #tor #tech
@yungskeeter » 07 Aug '12, 7pm
RT @adam_orbit: Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales. [link]
@adamkolson » 07 Aug '12, 7pm
Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales. [link]
@jerrybrito » 07 Aug '12, 4pm
Black Market Drug Site ‘Silk Road’ Booming: $22 Million In Annual Sales, 98% satisfaction rate #bitcoin [link]
@SerbianBlack » 07 Aug '12, 2pm
RT @BitCoinReporter Black Market Drug Site 'Silk Road' Booming: $22 Million In Annual Sales - Forbes [link] #bitcoin ...lmao
@bitbid_auctions » 07 Aug '12, 3am
RT @BitCoinReporter: Black Market Drug Site 'Silk Road' Booming: $22 Million In Annual Sales - Forbes [link] #bitcoin
@BitcoinOz » 07 Aug '12, 3am
Black Market Drug Site 'Silk Road' Booming: $22 Million In Annual Sales: Christin cautions that his stu... [link] #bitcoin
@BitCoinReporter » 07 Aug '12, 3am
Black Market Drug Site 'Silk Road' Booming: $22 Million In Annual Sales - Forbes [link] #bitcoin
@robinobrien95 » 08 Aug '12, 9am
RT @adam_orbit: Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales. [link]
@MelissaKTA » 08 Aug '12, 4am
RT @adam_orbit: Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales. [link]
@AndyJTracey » 08 Aug '12, 4am
RT @adam_orbit: Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales. [link]
@DJ_JELLY » 08 Aug '12, 4am
RT @adam_orbit: Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales. [link]
@nodice314 » 08 Aug '12, 1am
RT @adam_orbit: Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales. [link]
@DaveyAJ » 07 Aug '12, 10pm
RT @adam_orbit: Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales. [link]
@coldasfelipe » 07 Aug '12, 9pm
RT @adam_orbit: Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales. [link]
@Thaolia » 07 Aug '12, 9pm
RT @bitcoin_ita: Black Market Drug Site 'Silk Road' Booming: $22 Million In Annual Sales - Forbes [link] #bitcoin #silkroad
@papa_action » 07 Aug '12, 8pm
RT @adam_orbit: Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales. [link]
@DirtyMikeTweets » 07 Aug '12, 8pm
RT @adam_orbit: Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales. [link]
@Oshensyde » 07 Aug '12, 8pm
RT @adam_orbit: Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales. [link]
@SisyphusComplex » 07 Aug '12, 7pm
RT @adam_orbit: Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales. [link]
@BorisHaystack » 07 Aug '12, 7pm
RT @adam_orbit: Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales. [link]
@88KOS » 07 Aug '12, 7pm
RT @adam_orbit: Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales. [link]
@LeConteSpink » 07 Aug '12, 7pm
RT @adam_orbit: Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales. [link]
@JohnnyNova401 » 07 Aug '12, 7pm
RT @adam_orbit: Black market drug site using Tor encryption & BitCoin currency 'Silk Road' is doing $22mil/yr, $1.9mil/mth in sales. [link]
@BitCoinReporter » 07 Aug '12, 9am
Black Market Drug Site 'Silk Road' Booming: $22 Million In Annual Sales - Forbes [link] #bitcoin