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Author Topic: 2013-10-02 FBI Seize Deep Web Marketplace Silk Road, Arrest Owner  (Read 4653 times)
gweedo
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October 02, 2013, 03:51:43 PM
 #1

http://techcrunch.com/2013/10/02/fbi-seize-deep-web-marketplace-silk-road-arrest-owner/

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The feds have caught up to the Silk Road. The underground website long known for drug trafficking was seized by the FBI who also arrested the owner on three criminal counts. Prosecutors charged Ross William Ulbricht with one count each of narcotics trafficking conspiracy, computer hacking conspiracy and money laundering conspiracy, according to a court filing.
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The 4ner
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October 02, 2013, 04:00:36 PM
 #2

And I was just about to post this -.- LOL!
Nice!
That sucks for all us pot heads!
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October 02, 2013, 04:05:21 PM
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This just opens up a spot in the market, there will be other services which will replace Silk Road. The war on drugs will never be won.

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October 02, 2013, 04:09:24 PM
 #4

There's already Atlantis though I'm not sure if its still in service. I visited those sites out of curiosity a couple times.
Never actually bought anything though I did eventually want to sell some clothing on there. I liked the idea of a really free market. Free of restrictions. Too bad someone always has to fuck shit up.
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October 02, 2013, 04:17:12 PM
 #5

More sources:

http://rt.com/usa/silk-road-bitcoin-shut-650/

http://www.bbc.co.uk/news/technology-24373759

http://gizmodo.com/feds-seize-silk-road-everybodys-favorite-illegal-drug-1440172693

question is, how will the btc price react?

The 4ner
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October 02, 2013, 04:22:46 PM
 #6



question is, how will the btc price react?

Exactly! That's what I'm worried about. I just hope that mainstream adoption has surpassed the adoption of criminals and drug dealers. LOL!
Otherwise its time to SELL! SELL! SELL!
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October 02, 2013, 04:27:55 PM
 #7

There are many whales waiting for a bottom to invest. There were pretty big news regarding investment opportunities in Bitcoin recently. I think the price will probably go down on this news, but not that much. I'm not telling you not to sell anyway.
The 4ner
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October 02, 2013, 04:29:04 PM
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question is, how will the btc price react?

Exactly! That's what I'm worried about. I just hope that mainstream adoption has surpassed the adoption of criminals and drug dealers. LOL!
Otherwise its time to SELL! SELL! SELL!

As much as I want it to go down, so I can stock up on a bunch of coins, it wouldn't. The price is too stable once VC's are in the economy we are pretty strong.

Lets hope so.
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October 02, 2013, 04:29:36 PM
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What will become of bitcoin now?Huh?
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October 02, 2013, 04:30:35 PM
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Is Black Market Reloaded still operating?

The 4ner
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October 02, 2013, 04:34:35 PM
 #11

What will become of bitcoin now?Huh?

We must be patient and find out my friend.
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October 02, 2013, 04:37:06 PM
 #12

Big red candles forming on BTC-e....
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October 02, 2013, 04:42:10 PM
Last edit: October 02, 2013, 04:54:23 PM by Seth Otterstad
 #13

Does this whole story seem fishy to anyone else?  The takedown notice has a freaking camel in it (like it is a joke), the only corroborating source is krebs, the government agencies happen to be in a shutdown state and unable to respond for comment, DPRs account was last active at 8:54pm last night (after he was supposedly arrested), and the section of code cited in the notice is for CIVIL forfeiture.

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October 02, 2013, 04:52:26 PM
 #14

http://rt.com/usa/silk-road-bitcoin-shut-650/

Reuters... It must be true
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October 02, 2013, 06:13:14 PM
 #15

Didn't the price of BTC drop suddenly when Atlantis went down? Now this. I suspect the price will drop again once this get all over the news. As for copycat sites, there are some already. The have been trying to compete with Silk Road, a few even allow firearms!

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October 02, 2013, 06:14:48 PM
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That is Russia Today, not Reuters. Reuters only provided the picture of a guy using a laptop.
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October 02, 2013, 07:17:48 PM
 #17

Here's the FBI''s criminal complaint.  This is good reading.  At one point, Ulbricht had a problem with someone blackmailing him. So he asked for quotes on a "hit". Then he tried to negotiate the price down. ""Not long ago I had a clean hit done for $80K. Are the prices you quoted the best you can do? I need this done asap as he is talking about releasing the info on Monday."

The FBI now has the Silk Road servers. They will probably go after some customers.
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October 02, 2013, 07:48:03 PM
 #18

Go to Google News and type in Bitcoin.

Like every news outlet on earth is picking this story up.

Any publicity is good publicity?
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October 02, 2013, 08:04:06 PM
 #19

this is screaming fake to me. Look at the images! I posted them at plaxant


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October 02, 2013, 08:05:44 PM
 #20

Dread Pirate Roberts got caught because he was an idiot.

There will be other sites, I'm sure. He was outed by his own incompetence, using real information, inconsistent (if any) security procedures. Hell, was the man stoned all the time? That's the only way I can understand his copious and rather embarrassing errors.

It will be a hit on the image, I'm sure - but the network is still running, and SR isn't the only game in town for Bitcoin transactions. Even if it was a catalyst to get us to where we are now, it isn't the single thing that will "kill" Bitcoin, in my opinion.


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