I Pity The Fool Who Resurrected Silk Road

If there's one thing cops don't like, it's being disrespected. So when some renegade launches a clone of Silk Road, the underground drug marketplace that Feds recently shut down, they're just begging to get arrested. They even made the homepage a spoof of an FBI-seized domain. That's disrespectful! » 11/06/13 2:00pm 11/06/13 2:00pm

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 0.00000001 … » 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 site… » 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

Should Bitcoin Be Illegal?

As the Silk Road came tumbling down today, and its signature currency—Bitcoin—has been pushed into the spotlight again. Will Bitcoin survive? Should it survive? Should people keep using it if it does? We're here to talk it out. » 10/02/13 6:04pm 10/02/13 6:04pm

8 Insane Revelations From the Alleged Silk Road Kingpin's Indictment

Just a few hours ago, it came to light that the feds had shut down Silk Road, the internet drug bazaar, and indicted Ross Ulbricht (aka Dread Pirate Roberts), its alleged founder. The complaint is full of money, murder, and madness. Here are the most insane bits: » 10/02/13 1:18pm 10/02/13 1:18pm

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