Archive | October 3, 2013

Feds Arrest Alleged Owner of Online Drug Marketplace Silk Road

Silk Road’s Ross William “Dread Pirate Roberts” Ulbricht has been arrested and all his Bitcoin booty has been seized. Ulbricht is accused of attempting to hire a hitman to murder a possible snitch, among other things. silkroadlogo

Via Time:

U.S. law enforcement officials have shut down down Silk Road, the online drug market, following a raid and an arrest of Ross William Ulbricht, the site’s alleged proprietor.

According to a Justice Department release, Ulbricht, 29, was arrested in San Francisco and will be presented in San Francisco federal court Wednesday morning. Until Wednesday, the person who ran the site was known only by the pseudonym “Dread Pirate Roberts.”

In addition to arresting Ulbricht, the Federal Bureau of Investigation seized approximately $3.6 million in Bitcoin, making it the second biggest seizure in the digital currency’s history.

Federal prosecutors in New York charged Ulbricht with narcotics trafficking conspiracy, computer hacking conspiracy and money laundering conspiracy.

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