An anonymous hidden online buyers and sellers market of drugs under the name of Silk Road was recently unraveled by feds. Silk Road has been operating on a hidden part of the web, called the deep web, for several years. The deep web is described as the hidden massive under water part of an iceberg that's unseen, the iceberg being the internet and the smaller above water tip being the only part we normally encounter. Silk Road had been for years, haven to buy and sell every drug imaginable in any quantity anonymously through the internet using a experimental, and fluctuating, online currency known as bit-coins. Anything from cannabis to prescription, exotic, designer, and experimental drugs were available in any quantity you wanted to buy or sell as long as you had the product to ship to the buyer discretely, or the cryptocurrency known as bit-coins to pay the seller for whatever you desired. The U.S. feds busted the Administrator and mastermind of the website, known as Dread Pirate Robers, real name being Ross William Ulbricht, on October 2nd in a branch of the San Fransisco library.
Ross is facing charges of money laundering and narcotics trafficking conspiracy as well as computer hacking. It has also been revealed that Ross had ordered hits on at least two people throughout the sites two and a half year run. As it turns out, for two years the Federal authority's have been setting up buys on this drug market and tracing buyers and sellers. With the take down of the Silk Road, Federal authority's have already arrested several buyers and sellers and it has been revealed that several of the sites biggest sellers have been reporting to the feds for months now, sometimes ironically, snitching on each other. Now in the wake of the aftermath Federal authority's are seizing bit coins used throughout this illegal drug black market and conducting more busts. However it does not appear to be the end of anonymous online drug black markets as new ones have emerged and old ones that once competed with the Silk Road have grown in popularity. As of now, who knows what will come of it all. It is evident, however, that the flow of illegal drugs cannot be stopped.
Wednesday, October 30, 2013
The Unraveling of the Silk Road
An anonymous hidden online buyers and sellers market of drugs under the name of Silk Road was recently unraveled by feds. Silk Road has been operating on a hidden part of the web, called the deep web, for several years. The deep web is described as the hidden massive under water part of an iceberg that's unseen, the iceberg being the internet and the smaller above water tip being the only part we normally encounter. Silk Road had been for years, haven to buy and sell every drug imaginable in any quantity anonymously through the internet using a experimental, and fluctuating, online currency known as bit-coins. Anything from cannabis to prescription, exotic, designer, and experimental drugs were available in any quantity you wanted to buy or sell as long as you had the product to ship to the buyer discretely, or the cryptocurrency known as bit-coins to pay the seller for whatever you desired. The U.S. feds busted the Administrator and mastermind of the website, known as Dread Pirate Robers, real name being Ross William Ulbricht, on October 2nd in a branch of the San Fransisco library.
Ross is facing charges of money laundering and narcotics trafficking conspiracy as well as computer hacking. It has also been revealed that Ross had ordered hits on at least two people throughout the sites two and a half year run. As it turns out, for two years the Federal authority's have been setting up buys on this drug market and tracing buyers and sellers. With the take down of the Silk Road, Federal authority's have already arrested several buyers and sellers and it has been revealed that several of the sites biggest sellers have been reporting to the feds for months now, sometimes ironically, snitching on each other. Now in the wake of the aftermath Federal authority's are seizing bit coins used throughout this illegal drug black market and conducting more busts. However it does not appear to be the end of anonymous online drug black markets as new ones have emerged and old ones that once competed with the Silk Road have grown in popularity. As of now, who knows what will come of it all. It is evident, however, that the flow of illegal drugs cannot be stopped.
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I heard something about this in my I.T Security class. Its is definitely a big problem with online currency being the hardest currency to track to date.
ReplyDeleteAll this could have been avoided if u used a fake email instead of his personal. My question is how didn't they find him sooner! I have though herd conspiracies that the government is implanting drugs to see the effects on people. Just a conspiracy though.
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