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Cyber Security

Silk Road Dealer Plead Guilty For Selling Illegal Drugs for Bitcoins

Silk Road’ story broke when its owner Ross William Ulbricht, a 29-year-old who allegedly created and managed the Silk Road underground website, was arrested by the Federal Bureau of Investigation (FBI). The police seized the website that was considered one of the most popular Underground places on the Internet for buying drugs and other illicit goods and services. Authorities in Britain, Sweden, and the United States arrested eight more vendors who dedicatedly used to sell illegal drugs on Silk Road. The website generated about $1.2 billion in sales of heroin, cocaine, ecstasy, marijuana and other illegal substances in less than three years, with Silk Road’s operators netting $80 million in commissions.

Source: https://thehackernews.com/2014/04/silk-road-dealer-plead-guilty-for_25.html

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