After the US Marshals Service concluded its auction of bitcoins seized from the online drug bazaar, one sole bidder emerges as the take-all winner.
The US Marshals Service could net nearly $20 million in an auction it's holding to sell the roughly 30,000 bitcoins it seized from the online drug bazaar's servers.
Several exchanges, including shuttered Mt. Gox, have received subpoenas probing possible ties to the online drug marketplace, the Wall Street Journal reports.
The illicit underground marketplace has bounced back from last year’s high-profile shutdown, according to an Internet safety report.
Ross Ulbricht, who allegedly went by "Dread Pirate Roberts" and operated the black market drug site, is charged with hacking, money laundering, narcotics trafficking, and operating a criminal enterprise.
Prosecutors emphasize that the Bitcoins were seized in connection with a probe of the online drug marketplace -- not because they were Bitcoins.
Deja vu? A new online drug marketplace appears as Silk Road 2.0 with an operator using the same pseudonym as the original site's alleged operator.
A handful of alleged drug dealers that hawked their goods on the online black market bazaar have been arrested in the US, UK, and Sweden.
Your days of buying stolen identities, guns, and drugs on The Silk Road are over, and one guy's Superman Complex is to blame.
Your days of buying stolen identities, guns, and drugs on the Silk Road are over, and one guy's Superman Complex is to blame.