Silk Road Shut Down, Founder Arrested, $3.6 Million Worth of Bitcoin Seized

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Silk Road Shut Down, Founder Arrested, $3.6 Million Worth of Bitcoin Seized

Posted by Unknown on Wednesday October 2, 2013 @04:41AM from the breaking-the-law dept.

New submitter u38cg writes Ross William Ulbricht, known as 'Dread Pirate Roberts,' was arrested in San Francisco yesterday and has been charged with one count each of narcotics trafficking conspiracy, computer hacking conspiracy, and money laundering conspiracy, according to a court filing. Silk Road has been shut down and some $3.6m in Bitcoin (26,000 Btc) seized. The question is — how?" onyxruby submitted a link to the criminal complaint (PDF; coral cache might work better). The court filing indicates that they seized the actual servers and recovered their contents, making numerous references to the private messaging system. Also according to the court filing, the Silk Road was used to sell ~$1.2 billion in illicit goods since being founded in 2011.

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Re:strange summary FTA by Anonymous Coward · 2013-10-02 04:57 · Score: 5, Funny

They didn't. They used their backdoor.
So how long... by Em+Adespoton · 2013-10-02 04:58 · Score: 5, Funny

So how long will it be before the Silk Road is back up and running under the management of the Dread Pirate Roberts? I presume he had a cabin boy prior to being arrested... or was that how he got nabbed?
Ya, Sure. by fahrbot-bot · 2013-10-02 05:00 · Score: 4, Funny

Everyone knows the real Dread Pirate Roberts has been retired +15 years in Patagonia ... But, of course, no one would care about arresting the Dread Pirate Ulbricht.
/redundant

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Re:Tor compromised by Anonymous Coward · 2013-10-02 05:23 · Score: 4, Funny

NSA procedure is to blame all constitutional violations on Canada, because they automatically say "sorry" when accused of anything.
Re:Billion ... with a B by gandhi_2 · 2013-10-02 05:32 · Score: 5, Funny

War on Drugs? Don't know.
The War on Incorrect Usage of "Begs the Question" however, we are obviously losing.

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Re:Tor compromised by Minwee · 2013-10-02 05:34 · Score: 5, Funny

Sorry about that.
Re:Billion ... with a B by c++0xFF · 2013-10-02 05:37 · Score: 4, Funny

It means the same thing, for all intensive purposes.
Value of bitcoins by halcyon1234 · 2013-10-02 06:30 · Score: 5, Funny

Article: 11:36am: US Government seizes $3.6 million worth of bitcoins
Update, 11:45am: US Government seizes $1.75 million worth of bitcoins
Update, 12:03pm: US Government seizes $8.3 million worth of bitcoins
Update, 12:54pm: US Government seizes $766 thousand worth of bitcoins
Update, 3:27pm: US Government seizes Eight Dollars worth of bitcoins
Update, 5:55pm: US Government seizes $15 million worth of bitcoins

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Re:Billion ... with a B by idontgno · 2013-10-02 07:51 · Score: 4, Funny

Nonsense, it's lunchtime at the shoreside campground at the dolphin sanctuary.
"Food, for all in tents, and porpoises!"

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Re:Tor compromised by ProzacPatient · 2013-10-02 10:21 · Score: 5, Funny

One alternative would be to buy a car wash