A few days ago, a drug marketplace hidden deep on the Tor network where it seemed anonymous, existed a drug marketplace on the internet called ‘SilkRoad’. Silkroad was an anonymous website for drug users to sell and buy illegal drugs without exposing their identies, all because they paid using an anonymous and lowly-tracked currency called Bit coin, Since Bitcoin is a virtual, tracing the drug dealers was quite a difficult process.
However this has come to an end, FBI shut down the website and displayed a message showing that the website had been seized. Those who know how to use the Tor network can access the blocked site using the URL http://silkroadvb5piz3r.onion/. The Battle with the Feds started with a criminal complaint against Mr. Ross William Ulbricht, a.k.a. “Dread Pirate Roberts,” a.k.a. “DPR,” a.k.a. “Silk Road.”
It must be surprising that Ross William Ulbricht was a heavy user of social media, he had a Facebook, Google +, and his Linkedin profile describes him as an “investment advisor and entrepreneur” .
SilkRoad generated revenue worth 9.5 million Bitcoins and received commissions from over 600,000 Bitcoins. The site worth is estimated to have made $1.2billion in sales and $80 million in commisions
Ulbrict’s is going to face trial in the United States.
Source: The Verge
