07 Aug '12, 3am

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

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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Bitcoin-Based Drug Market Silk Road Thriving Wi...

it.slashdot.org 07 Aug '12, 7pm

"Every day or so of the last six months, Carnegie Mellon computer security professor Nicolas Christin has crawled and scra...

Bitcoin-Based Drug Market Silk Road Thriving Wi...

news.slashdot.org 07 Aug '12, 7pm

"Every day or so of the last six months, Carnegie Mellon computer security professor Nicolas Christin has crawled and scra...

Study estimates $2 million a month in Bitcoin drug sales

Study estimates $2 million a month in Bitcoin d...

arstechnica.com 07 Aug '12, 8pm

We've noted before that the cryptocurrency Bitcoin has been adopted enthusiastically by those engaged in legally dubious p...

Home Office claims national security exemption to my FOI request about all things related to Silk Road and Bitcoin:

Home Office claims national security exemption ...

whatdotheyknow.com 06 Aug '12, 3pm

Information which does not fall within subsection 23(1) is exempt information if exemption from section 1(1)(b) is require...

One Per Cent: Online shop Silk Road selling at ...

newscientist.com 06 Aug '12, 1pm

Jacob Aron, technology reporter (Image: Adrianna Williams/The Image Bank/Getty) New analysis of the anonymous online marke...

Online shop Silk Road sells $2m worth of drugs ...

newscientist.com 06 Aug '12, 1pm

Jacob Aron, technology reporter (Image: Adrianna Williams/The Image Bank/Getty) New analysis of the anonymous online marke...

Silk Road’s “The Armory” Terminated | Bitcoin Magazine

Silk Road’s “The Armory” Terminated | Bitcoin M...

bitcoinmagazine.net 06 Aug '12, 1pm

The owner and operator of Silk Road, aliased as Dread Pirate Roberts, announced on August 2nd, 2012 that “The Armory”, an ...

Two Million Dollars a Month in #Bitcoin Drug Sales #news #alternativecurrencies #blackmarket

Two Million Dollars a Month in #Bitcoin Drug Sa...

disinfo.com 08 Aug '12, 4pm

Silk Road is an online marketplace that uses Tor and Bitcoin to preserve the anonymity of all involved. The site itself is...

Silk Road: Bitcoin-Drogenmarkt macht Umsätze in...

winfuture.de 08 Aug '12, 9am

Der Handel mit illegalen Drogen über den Online-Marktplatz "Silk Road" hat in den letzten Monaten massiv zugenommen. Inzwi...

The Silk Road Report: Part II | Bitcoin Magazine

The Silk Road Report: Part II | Bitcoin Magazine

bitcoinmagazine.net 09 Aug '12, 2pm

Soon after, Dread Pirate Roberts, the mastermind behind Silk Road, announced that Silk Road’s illegal gun-selling sister s...

Traveling the Silk Road, study of the famous market places #deepweb #cybercrime #security #bitcoin #silkroad

Traveling the Silk Road, study of the famous ma...

securityaffairs.co 09 Aug '12, 9am

made by the Carnegie Mellon computer security professor Nicolas Christin on the earning of one of the most famous black ma...

Metropolitan Police Service can neither confirm...

whatdotheyknow.com 01 Aug '12, 2pm

Dear Metropolitan Police Service (MPS), I hereby request all guidelines, presentations, policy statements, legal opinions,...