×Pending Replies will be live across Kinja on Thursday, August 21. Read more.

Silk Road Bitcoin Auctioned Off to Guy Who Wants to Split Up California

When the FBI shut down illegal online marketplace the Silk Road, it seized a stash of 30,000 Bitcoin from the underground website and announced plans to auction the supply off. This week, venture capitalist and would-be California-splitter-upper Tim Draper won all of it, gaining an estimated $17.7 million in illicit… » 7/02/14 12:20pm 7/02/14 12:20pm

The 6 Biggest Bitcoin Heists in History

Ever since a single Bitcoin became worth a small fortune, there have been people trying to steal them. Sure, there have some small-time thieves who've stolen a few hundred dollars worth of Bitcoin here and there. But there have also been heists. Massive, highly orchestrated attacks that lead to millions of dollars… » 2/27/14 1:00pm 2/27/14 1:00pm

The FBI Just Scooped up $28.5 Million in Bitcoin from Silk Road

As of Friday afternoon, the FBI had managed to seize 144,000 bitcoins from Silk Road's founder. Worth some $28.5 million in current exchange rates, that's the largest ever seizure of the cryptocurrency. But based on the Bitcoin trail uncovered in recent weeks, over $50 million could still be missing. » 10/25/13 4:03pm 10/25/13 4:03pm

Bitcoin Seized From Silk Road Is In A Highly Prankable FBI Wallet

Ross Ulbricht's arrest last week included an FBI seizure of about 26,000 Bitcoins. But you can't just stick Bitcoins under your mattress. Even if you're the FBI they have to be in a wallet somewhere. And people know where. Internet denizens found the wallet and have been contributing tiny sums, we're talking… » 10/06/13 6:13pm 10/06/13 6:13pm

Why You Can't Blame Bitcoin for Silk Road Shadiness

The man alleged to be "Dread Pirate Roberts," the founder and operator of the Silk Road—an online marketplace where bitcoins were traded for a range of goods and services, including drugs—was arrested by the FBI in San Francisco Wednesday. The criminal complaint, released today, provides many details about how the… » 10/05/13 5:00pm 10/05/13 5:00pm

Silk Road Kingpin Apparently Hid a Stash of $80 Million in Bitcoin

Ross Ulbricht, the recently arrested mastermind behind Silk Road, appeared in court today where his lawyer begged for more time before the detention hearing. The judge said he didn't "know what you're going to accomplish in the next several days." Maybe move some of his massive stash of hidden Bitcoin? » 10/04/13 4:09pm 10/04/13 4:09pm

Actually, the Alleged Silk Road Kingpin Hired a Hitman TWICE

There was already a lot of evidence that alleged Silk Road founder Ross Ulbricht (a.k.a. Dread Pirate Roberts) was not the world's greatest guy, and the condemning information just keeps rolling in. Newly surfaced legal documents say that the 29-year-old ordered not one but two hits on former associates. » 10/03/13 10:17am 10/03/13 10:17am

Feds Seize Silk Road, Everybody's Favorite Illegal Drug Website

Once upon a time, you could sign on to Silk Road and buy everything from LSD to Moon Rock molly with Bitcoin. That time is now over because the FBI along with a few other federal agencies have seized the domain and shutdown the drug-dealing site. The only question is, what took them so long? » 10/02/13 11:46am 10/02/13 11:46am

Yep, Tor Traffic Really Is Dominated by Botnets and Porn

The anonymous, secure Tor network has always had a reputation as a place for botnets, porn kings, and drug dealers. "But it's such an amazing tool for political dissidents, a way to escape the spying government!" you might think in the wake of this NSA debacle. Then again, first impressions are often correct. » 9/11/13 1:57pm 9/11/13 1:57pm