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

Posted by Unknown on 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.

6 of 620 comments (clear)

  1. Re:strange summary FTA by Anonymous Coward · · Score: 5, Funny

    They didn't. They used their backdoor.

  2. So how long... by Em+Adespoton · · 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?

  3. Re:Billion ... with a B by gandhi_2 · · 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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    THL phish sticks
  4. Re:Tor compromised by Minwee · · Score: 5, Funny

    Sorry about that.

  5. Value of bitcoins by halcyon1234 · · 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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    UTF-8: There and Back Again
  6. Re:Tor compromised by ProzacPatient · · Score: 5, Funny

    One alternative would be to buy a car wash