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January 13, 2015 Rhett Jones

The trial of the alleged founder of the online black market, Silk Road, begins on Tuesday in Manhattan and it has already been an unusual case. Ross William Ulbricht, who the federal government claims also went by Dread Pirate Roberts, will face a string of charges in New York, but he is also being charged in […]

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November 17, 2014 Peter Yeh

In June, after busting the first iteration of darknet marketplace Silk Road, the U.S. Marshals Service auctioned off 30,000 bitcoins it seized from the site’s operator. On Monday, the USMS announced the sale of another 50,000 bitcoin. But potential investors should be wary, as last time these came to auction, the USMS accidentally released a […]

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November 11, 2014 Peter Yeh

As we read into the FBI’s complaint, we find out more about the idiotic CEBro of Silk Road 2, SpaceX engineer Blake Benthall. Silk Road 2 was the resurrection of the pioneering darknet marketplace, Silk Road, which sold everything from drugs to fake passports, and was taken down by law enforcement in October 2013. Even […]

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November 6, 2014 Peter Yeh

Silk Road 2, the replacement for the now defunct and infamous Silk Road darknet drug marketplace, has been shut down by the FBI as well. The alleged operator, 26-year-old Blake Benthall, a software engineer at space transport company SpaceX, has been taken into FBI custody and is facing a maximum life sentence. From the FBI: […]

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October 3, 2014 Rhett Jones

It looks like the FBI has some explaining to do. When experts examined the evidence presented against the alleged founder of dark net drug market Silk Road, something didn’t add up. Specifically, the method the FBI claim to have used to find Silk Road’s servers was apparently fabricated. The feds claim that they found the Silk Road server location because Silk […]

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August 13, 2014 Marina Galperina

Since the shut down of major cryptomarket Silk Road, the “dark net” drug market has boomed, nearly doubling in size. At the Conversation, James Martin provides a reasonable take on the increasingly professional practice of online drug distribution and its “socially beneficial implications.” For dealers, selling drugs online offers significant advantages over face-to-face retailing. They have immediate access to a huge and […]

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June 19, 2014 Sophie Weiner

During the US Marshals’ silent auction for the $18 million bitcoins seized in the government raid of Silk Road, the US government proved they can completely screw up even the simplest of online tasks. They revealed the identities of 40 anonymous bidders by CC-ing instead of BCC-ing contacts in an email. The email in question wasn’t even that important […]

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June 2, 2014 Sophie Weiner

“When I found out about Silk Road, I thought: ‘This is the most amazing thing that has happened in my lifetime.’ I’m sure that’s an overstatement. But I’m baffled by the Internet. It keeps throwing up amazing things,” Alex Oates tells ArsTechnica. His one man play about Silk Road will be performed at this year’s Edinburgh […]

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October 3, 2013 Andy Cush

Silk Road, the “deep web” service that allowed its users to anonymously buy and sell things like illegal drugs and weapons, was shuttered this week, leaving countless users without their usual connect. A redditor posting from what looks like a throwaway account took to the site yesterday to issue a “PSA” about the relative purity […]

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