Category: Silk Road

Plea Bargain Means Silk Road 2 Admin Will Likely See No Prison Time

Plea Bargain Shows Silk Road 2 Admin Will Likely See No Prison TimeFollowing the sentencing of Thomas White, the founder of the Silk Road 2 (SR2) marketplace during the first week of April, another SR2 administrator may evade prosecution. According to reports, SR2 admin Blake Benthall cooperated with global law enforcement and may only face fines for avoiding taxes. The news of the two SR2 admins’ sentences […]

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Chaos Reigns as Darknet Markets are Downed

Chaos and Conflicting Stories as Darknet Markets are DownedIn the last 72 hours, numerous darknet markets (DNMs) have been downed in a concerted DDoS attack. Meanwhile, Europol has been crowing over its success in toppling two markets that were already known to be stricken, Wall Street and Valhalla. As the dust settles, darknet users have been trying to separate FUD from fact. Also […]

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Darknet Users Allege Wall Street Market Exit Scammed, Possibly Snatching $30M

Darknet Users Allege Wall Street Market Exit Scammed, Possibly Snatching $30MDuring the first week of April, news.Bitcoin.com reported on a large swarm of darknet market (DNM) users flocking from Dream to the Wall Street marketplace. However, the migration hasn’t been as successful as it may have first seemed, with some vendors alleging that Wall Street has pulled an exit scam and ran off with $30 […]

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Silk Road 2 Founder Finally Sentenced 5 Years After His Arrest

Silk Road 2 Founder Finally Sentenced After His Arrest in 2014Immediately after the Silk Road was taken down in 2013, a marketplace known as the Silk Road 2 launched. The new darknet market was run by a person who called himself the Dread Pirate Roberts 2 and he was arrested a few months later in November 2014. However, privacy advocate Thomas White, otherwise known as […]

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The Darknet’s Largest Marketplace Is Closing – But a Replacement Is on Its Way

The Darknet’s Largest Marketplace Is Closing – But a Replacement Is on Its WayAfter more than five years of business, Dream is preparing to close its doors. The darknet marketplace (DNM) will shut up shop within a month, before relaunching under a new name and onion domain. The move has caused jitters within the darknet community, with buyers seeking reassurances that the site hasn’t been compromised by law […]

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Auscoin Exchange Suspended After Arrest of Sam Karagiozis

27-year-old Sam Karagiozis has been named as the individual arrested on March 7 following raids carried out by the Australian Transactions Reports and Analysis Centre (AUSTRAC) and Australian Federal Police. The arrest resulted in the suspension of the licenses of two cryptocurrency exchanges that Karagiozis is involved with including his controversial nationwide cryptocurrency ATM network, […]

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US Marshals Seeks New Recruit to Dispose of Seized Crypto

The U.S. Marshals Is Looking to Hire Someone to Dispose of Seized CryptoThe U.S. Marshals is looking to hire an individual who can manage cryptocurrencies for the Asset Forfeiture Division. Over the last few years, the law enforcement agency has seized thousands of bitcoins from a variety of investigations. Now the Marshals are in need someone who is competent enough to handle matters like wallet creation, managing […]

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Two Australian Crypto Exchange Licenses Suspended Following Arrest

Two Australian Crypto Exchanges' Licenses Suspended Following ArrestTwo Australian cryptocurrency exchanges have been suspended by the Australian Transaction Reports and Analysis Centre (Austrac) following raids conducted by the Australian Federal Police in Melbourne. The raids resulted in the arrest of a 27-year-old who has been described as a “key member” of both exchanges. Also Read: P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela […]

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Unusual Goods You Can Purchase on the Darknet With Cryptocurrency

Unusual Goods You Can Purchase on the Darknet With CryptocurrencyDarknet marketplaces (DNMs) are a repository for the weird and the wonderful. Whatever your vice, your potion, or your whimsy, odds are there’s a darknet vendor who’s selling it in exchange for cryptocurrency. Unlike the closely regulated clearnet, the darknet remains a largely lawless frontier, where everything has its price and anything can be acquired […]

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Another ‘Satoshi’ Steps Out of the Woodwork, Calls Craig Wright a Liar

Another Satoshi Steps Out of the Woodwork Calls Craig Wright a LiarOn Feb. 8, the chief executive of Nchain, Craig Wright, wrote a blog post that purportedly described his experience of creating Bitcoin. Wright’s essay states “I was Satoshi” but throughout the story, he refuses to reveal his keys. It’s not the first time Wright has claimed to be Satoshi, but in the comment section of […]

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Civil Forfeiture Is State-Sanctioned Theft

Civil Forfeiture Is State-Sanctioned TheftEver since 1929, the FBI has shared annual crime statistics via the Uniform Crime Reporting Program. Each year, it breaks down criminal activity into such categories as homicide, weapons, human trafficking, and hate crime. One category that is noticeably absent from the report is civil asset forfeiture. In the eyes of the law, this is […]

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Report: Bitcoin Use on Darknet Markets Doubled in 2018

Report: Bitcoin Use on Darknet Marketplaces Doubled Throughout 2018Bitcoin use on darknet markets (DNMs) doubled in 2018, a study has shown, rising to an average of $2 million per day. Bitcoin has long been used to buy goods on the darknet due to its relative anonymity, and looks set to remain a favorite on DNMs, despite the existence of more privacy-focused cryptocurrencies. Also […]

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Dropgangs and Dead Drops: Report Highlights Evolving Darknet Market Opsec

Dropgangs and Dead Drops: Report Highlights Evolving Darknet Market OpsecSince the creation and subsequent takedown of the darknet marketplace the Silk Road, the hidden market ecosystem has exploded with inventive solutions that promote private voluntary exchanges. According to recently published darknet market (DNM) research, the cat and mouse game continues with vendors inventing new ways to bolster online black market activities. In the last […]

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A Heartbroken Mother Hopes President Trump Will Exonerate Ross Ulbricht

A Heartbroken Mother Hopes President Trump Will Exonerate Ross UlbrichtLyn Ulbricht, the mother of convicted Silk Road administrator Ross Ulbricht, has expressed hope that U.S. president Donald Trump will pardon her son. Ulbricht’s family believes that Ross didn’t receive a fair trial and his sentencing was extremely harsh for a crime that didn’t involve violence. The interview with Lyn Ulbricht follows the recent 111,588 […]

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Federal Agents Told This Silk Road Moderator to Fake His Own Death

Federal Agents Told This Silk Road Moderator to Fake His Own DeathA former administrator from the now-defunct Silk Road marketplace is recounting his story in a tell-all book and movie deal. After being arrested in 2013, darknet moderator Curtis Green was involved in a bizarre conspiracy with corrupt Silk Road investigators and was later told to fake his own death. Also read: Tales From A Dead Man: […]

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Petition to Free Ross Ulbricht Gathers 100,000 Signatures

Petition to Free Ross Ulbricht Gathers 100,000 SignaturesOver the last few months, a petition aimed at freeing Ross Ulbricht from prison has garnered 100,000 signatures. The request addressed to U.S. president Donald Trump and hosted on Change.org explains that Ulbricht deserves clemency because his investigation, trial, and sentencing were rife with abuse. Also read: Hash Wars: Battle Comes to an End as BSV […]

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Silk Road Fake Murder Mystery May Be Solved

Rather than round up a series of stories from the deep web, this week we’re focusing on just the one. The tale, concerning Silk Road’s most enduring mystery, is so labyrinthine it warrants recounting in full. Also read: 5 Opsec Errors That Caused Cryptocurrency Users to Lose Everything ‘Redandwhite’ Indicted in Black and White Silk […]

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5 Opsec Errors That Caused Cryptocurrency Users to Lose Everything

5 Opsec Errors That Caused Cryptocurrency Users to Lose EverythingMaintaining good operational security is imperative for all web users, but it’s particularly important in the cryptocurrency space. Prying eyes are everywhere on the internet, from law enforcement to hackers and from blockchain forensics firms to data resellers. Examining the opsec errors that got several notorious bitcoiners robbed or busted yields valuable lessons we should […]

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Silk Road Operator Libertas Pleads Guilty, Seeks Plea Deal

Gary Davis, an Irishman who was extradited to the United States in July to face charges for his suspected involvement in the operations of Silk Road, has reportedly begun discusssing a plea bargain with prosecutors. Davis, who was known as ‘Libertas’ on Silk Road, has pled guilty to conspiring to distribute narcotics – a charge […]

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10 Days That Shook the World of Bitcoin

10 Days That Shocked the World of BitcoinWhen Bitcoin’s history is written, the following events will command a chapter apiece. Bitcoin is a creeping revolution that does not lend itself to listicles, and thus any such attempt is destined to fall short. What follows, therefore, is a potted history of a transformative technology whose greatest moments have yet to come. In chronological […]

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Deep Web Roundup: 20 Years for ‘Oxymonster,’ New Darknet Monitoring Tool

Deep Web Roundup: 20 Years for ‘OxyMonster’, New Darknet Monitoring ToolTwo stories stand out in our latest trawl of the deep web for news that filters through to the cryptosphere. One concerns the sentencing of Dream vendor “Oxymonster,” whose controversial prosecution on U.S. soil is part of a wider trend. We also take a look at Blocktag, a new tool for monitoring darknet sales. Also […]

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Deep Web Roundup: Intelligence Official Charged With Selling Secrets, Disney Visits the Darknet

Deep Web Roundup: Intelligence Official Charged With Selling Secrets, Disney Visits the DarknetA French intelligence official has been charged with selling state secrets on the dark web for BTC. Also in this roundup, we look at a new threat analysis tool trawling deep web sites for certain keywords and detail a surprise namecheck in Disney’s latest movie. Also read: Banks, Money Mules and Front Companies Aid Terrorists in […]

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Ross Ulbricht Marks Fifth Anniversary in Prison

Ross Ulbricht Marks Fifth Anniversary in PrisonAlleged founder of Silk Road, Ross Ulbricht, marked his fifth year in prison. October 1st, 2013, Mr. Ulbricht began a double life sentence without the possibility of parole for his alleged founding and running of the Silk Road online marketplace. On the occasion of his fifth full year, FreeRoss.org launched a new project to raise awareness […]

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