Silk Road News

The Silk Road was a darknet market best known as a platform for selling illegal goods. It operated as a Tor hidden service to exclude traffic monitoring, which was convenient for criminals to deliver their services through the network. Silk Road was launched in February 2011 and already had 10,000 products for sale 70% of which were drugs by March 2013.

Although there were a lot of illegal products on the site, there were also restrictions: child pornography, stolen credit cards, assassinations, and weapons of any type were banned for sale and exchange. The site provided some legal goods as well, such as apparel, art, books, cigarettes, erotica, jewelry, and writing services.  

The Silk Road was shut down in October 2013 by the FBI, whose agents also arrested Ross William Ulbricht, the founder of the system. There were two attempts to recreate the Silk Road, but both of them have been unsuccessful. The latest news on the Silk Road promises no further attempts.

Related tags:

Analysis
Bitcoin was brought to life in Satoshi Nakamoto’s white paper 10 years ago and Cointelegraph takes a look at the whirlwind decade since its inception.
A Brief History of Bitcoin: 10 Years of Highs and Lows
Gareth Jenkinson
2018-10-31T19:40:00+00:00
19337
Analysis
As Bitcoin celebrates the 10th anniversary of its white paper, Cointelegraph explores the various influences that breathed life into cryptocurrency.
Bitcoin White Paper – 10 Years Since Satoshi’s Vision Was Brought to Life
Gareth Jenkinson
2018-10-31T13:56:00+00:00
13524
News
Ross Ulbricht, currently serving a life sentence for his participation in the now-closed Silk Road marketplace, has his sentence review denied by the Supreme Co...
Silk Road’s Ross Ulbricht Denied Review of Prison Life Sentence by Supreme Court
Molly Jane Zuckerman
2018-06-28T18:15:00+01:00
22129
News
U.S. prosecutors have seized around $17 mln in BTC and other cryptocurrencies from both men, and are also seeking to forfeit the value of a further 4,000 BTC.
US Prosecutors Seize $17 Mln in BTC, Seek 4,000 BTC More for Dark Web Dealings
Marie Huillet
2018-06-27T13:15:00+01:00
16950
News
Kathryn Haun, a former US federal prosecutor and head of a crypto task force, spoke positively about Bitcoin and Blockchain in a recent interview.
Silk Road Federal Prosecutor: Blockchain Played Key Role In Investigation Of Fed. Agents
Molly Jane Zuckerman
2018-04-12T21:32:00+01:00
18335
News
500 BTC ($5.5 mln) to be seized if four people in Ohio are convicted of selling and transferring fake identification documents.
US: Federal Prosecutors Ask For Forfeiture Of 500 BTC
Molly Jane Zuckerman
2018-03-02T19:32:00+00:00
25965
Analysis
A new study has found that Bitcoin is losing popularity on the Darknet.
Is Darknet Done With Bitcoin?
Patrick Thompson
2018-02-10T13:40:00+00:00
103353
Analysis
Government-issued cryptocurrency seems to be a likely answer for countries that are looking to ban or regulate the likes of Bitcoin.
Regulated, Government Issued Cryptos to Challenge Bitcoin in 2018
Gareth Jenkinson
2018-02-01T18:40:00+00:00
72212

Follow us on Facebook