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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Long Overdue by Anonymous Coward · 2013-10-02 04:47 · Score: 0, Troll

The only surprise here is why this arrest and seizure took so long. I hope all these evildoers and drug pushers realize now that they can't hide behind anonymity and the authorities can prosecute and punish these dastardly bastards.
Congrats to the FBI, DEA, and government for taking this hooligan down.