Looks like the government shutdown didn't stop federal agents from shutting down the most popular "deep web" illegal drug market. In San Francisco, federal prosecutors have indicted Ross William Ulbricht, who is said to be the founder of Silk Road. The internet marketplace allowed users around the world to buy and sell drugs like heroin, cocaine, and meth.
The government announced that it seized about 26,000 Bitcoins worth roughly USD$3.6 million, making this the largest Bitcoin bust in history. There were nearly 13,000 listings for controlled substances on the Silk Road site as of Sept. 23, 2013, according to the FBI, and the marketplace did roughly USD$1.2 billion in sales, yielding some $80 million in commissions.
According to the complaint, the service was also used to negotiate murder-for-hire: "not long ago, I had a clean hit done for $80k," the site's founder is alleged to have messaged an associate.
Ulbricht, 29, is also known as "Dread Pirate Roberts." Read the rest