Silk Road Founder Sends His Thanks To All His Supporters

The Silkroad founder, Ross Ulbricht, purportedly sent his gratitude to all his supporters on Thanksgiving.

Ulbricht admitted that the darknet market Silkroad began only as an experiment that he thought was idealistic.

Silkroad was meant to allow people to buy or sell whatever they wanted without interference from the government and exploitation that polluted the corporate world.

ANNOUNCEMENT: Silk Road 3.0 is BACK ONLINE and open for business. The team did a massive security overhaul on the site to try and make it more secure and anonymous.

>> Click here to find the Silk Road 3.0 Guide <<

Ross conveys his message of gratitude to all his family, friends and supporters.
Ross conveys his message of gratitude to all his family, friends and supporters.

Ross thought of himself as a libertarian, believed in personal freedom to do as each one pleased with minimal interference from others.

Therefore, his supporters saw him as a hero who attempted to tame a truly rough and unruly trade.

The Silkroad founder Ross Ulbricht admitted in the courtroom of the “little things” he missed from behind bars, like throwing a Frisbee to a dog in the park and Thanksgiving dinner with his family.

During an interview, the Silkroad creator stated that despite his present circumstances, he was thankful to his family, friends, and supporters.

Those who chose to believe in him. He said that they were a source of encouragement to him and words simply cannot describe that feeling of in-depth gratitude that he felt.

In 2013, Ross Ulbricht, the founder of Silkroad, noted that the other thing that he was truly grateful for was that finally after one and a half months in the Special Housing Unit, (SHU), he was now in the general inmate population with other inmates.

The SHU was specially designed to isolate and punish the most chronic and dangerous of prisoners. It was a grim jail with maximum security.

The Silkroad founder was released from the SHU a day to his bail hearing.

Actually, his lawyer argued that Ross was non-violent and his confinement in the maximum security facility was not a necessity.

He is positive despite being curtailed his freedom.
He is positive despite being curtailed his freedom.

Now Ross was grateful that he could breathe fresh air, look out of a window, interact with people and even play a game of chess.

Isolated as he was from the outside, the numerous letters and messages the Silkroad creator got from his supporters gave him hope.

Those who advocated for his release and stood up for freedom were his source of encouragement. The Silkroad founder actually said that prison wasn’t as bad as he had fathomed.

One inmate actually gave him a piece of soap, another lent him a book to read and ward off the boredom and nostalgic feeling.

The Silkroad creator said that the inmates were given a treat of chicken and cranberry source on Thanksgiving, just to make the day festive for them, too.

The Silkroad founder Ulbricht shared that, just like life on the outside, there were acts of kindness and compassion in the prison, amidst the periodical harshness and power trips.

Ulbricht said he was grateful and that he would not blame anyone for his choices in life. The founder of the Silkroad was also grateful that now he could talk to his visitors over a table and not through a plexiglass like before.

Life had taught him to be grateful for the little things he once took for granted when he was a freeman. He said the things we take for granted matter a great deal in prison.

The Silkroad creator sends his “thank you” message to his family, friends, and supporters who have given and dedicated their time, resources, and love which meant the world to him, even from behind bars.

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How ICE Aided In The Silk Road Takedown

The United States Immigrations and Customs Enforcement, or ICE, was recently discovered to have a hand in the seizure of the Silk Road marketplace.

In a special expose published by the immigration department, it was revealed how ICE agents had been an instrument in the takedown of the Silk Road back in October 2013.

Currently, ICE is heavily involved in taking down other criminals on the deep web.

ANNOUNCEMENT: Silk Road 3.0 is BACK ONLINE and open for business. The team did a massive security overhaul on the site to try and make it more secure and anonymous.

>> Click here to find the Silk Road 3.0 Guide <<

ICE Collaborated with the Cyber Crimes Center

ICE aided in the takedown of Silk Road and how ICE is currently combating deepweb activity.
ICE aided in the takedown of Silk Road and how ICE is currently combating deepweb activity.

ICE’s extended reach into cyber crime has been facilitated by The Cyber Crimes Center (C3), who, according to their Deputy Assistant Director (DAD), Patrick Lechleitner is not at all scared by the darknet.

The DAD said that the sophistication of Darknet has been largely overestimated and that only special permissions are required to access the site.

Under the Department of Homeland Security, ICE is largely concerned with crimes taking place along the US border such as human and drug trafficking, and illegal immigration.

Despite that, the recently published report resolved the extended reach ICE has through The Cyber Crimes Center.

ICE’s Presence Instrumental in the Demise of the Silk Road

ICE was drawn into the DHS investigation named “Operation Dime Store,” leading to the seizure of the Silk Road.

This was after several small drug seizures were made at Chicago’s O’Hare International Airport at the mail hub.

According to ICE, the seized packages were highly unusual because they were all sourced from international locations and were addressed to locations all over the United States, and were not commonly ship through the mail.

ICE was given a tasked with finding the source of the drugs and after intercepting and analyzing several packages, they traced that the drugs came from the darknet market and it did not take long.

Following the discovery, ICE dedicated all its efforts, they analyzed the fingerprints on the packaging to look for clues in tracking the drug vendors and where the site was hosted and made an undercover purchase to enter the website.

Investigations Spearheaded by SA DerYeghiayan

ICE agent SA DerYeghiayan spearheaded the investigations and enter the darknet market as an undercover agent and eventually became a top lieutenant the Silk Road website, said Lechleitner.

Throughout the investigations, Yeghiayan had played a vital role; he analyzed seized drugs, interrogated suspects, and collected evidence. He often included participation in arresting suspected vendors and was given an insight, perspective of the darknet market.

Expose explained that DerYeghiayanhan served as the lead witness in the Silk Road case in the US.

Ulbricht would not have been found guilty, without the agent’s work, ICE guaranteed Ulbricht’s double life sentence due to following criminal offenses: money laundering, smuggling of illegal drugs, continuing criminal enterprise, hacking, and fraud documentation.

Yeghiayan said that the most satisfying part of the investigation was blocking the website and putting an end through the dangerous flow of drugs and weapons across the world, but the most important is to shut down the website.

ICE’s victory over the Silk Road was the beginning of their adaptation to the deep web, according to their DAD Patrick Lechleitner.

ICE Perfectly Adapted To Take On Modern Cyber Crime

silkroad-takedown
ICE reveals an expose that shows that they played a big role in the takedown of the Silk Road darknet market.

As the deep web criminal world continues to grow, so does ICE’s reach and their workload.

The ICE HSI is directly involved in the fight against criminal activity in the cyber environment.

As a criminal investigation unit, HSI fights criminal activity on the darknet one step at a time, the same way they do offline.

As Lechleitner put it, this market a new era in law enforcement and simultaneously symbolized the evolution of law enforcement agencies, which was unavoidable for them to be able to adapt to the rapidly changing technological world.

As any other crime, ICE believes that sites such as the Silk Road cause a danger to citizens as long as nothing is done to control it.

Darknet Sites Dangerous to US Citizens

Darknet sites affect the average citizen both directly and indirectly. American faces many risks of the activity taking place on the dark web, Lechleitner explained.

Darknet market relates itself to the personal identification of a US citizen being stolen, based on ICE. Furthermore, the injection of illegal drugs and weapons into the society eventually bears dangerous effects to the people by way of increased crime rates.

ICE’s DAD signed off with a threat to any deep web criminals, saying that their involvement with illegal activities on the dark web market will eventually be caught up with by the federal law enforcement, who are always on the lookout.

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Alleged Key Advisor To Silk Road, Variety Jones, In Thai Prison

thai-prisonAnd so the ongoing Silk Road saga continues…

Three years after the demise of the original darknet market, we’re still caught up in the turmoil surrounding the eponymous online black market.

Roger Thomas Clark, allegedly one-time right-hand man to the owner of Silk Road, has been in prison in Thailand a long nine months. Considering the conditions in jails across numerous countries in South East Asia, this is no mean feat.

ANNOUNCEMENT: Silk Road 3.0 is BACK ONLINE and open for business. The team did a massive security overhaul on the site to try and make it more secure and anonymous.

>> Click here to find the Silk Road 3.0 Guide <<

Silk Road

But who is Roger Thomas Clark, and why is he seemingly rotting away in a Thai jail?

The answer lies in a convoluted mess of tiny bits of evidence – evidence obtained across the course of nailing the owner of Silk Road – one Ross Ulbricht aka “Dread Pirate Roberts.”

Ulbricht is currently serving life in prison after being convicted of charges including money laundering, conspiracy to traffic narcotics, and computer hacking.

Ulbricht was the brains behind the world’s first darknet market. Silk Road was launched in early 2011. Running over the Tor network, the online marketplace offered people a chance to buy and sell online in a completely anonymous fashion.

While built around the idea of a completely free market, in reality, the marketplace was a veritable haven for the trade of illegal goods and services including drugs.

With noble aspirations, Ulbricht descended into something far greater than himself and found himself ordering hits to protect his data assets and identity.

Ulbricht was caught mainly due to infiltration by an FBI agent, who was later found to have been dirty after siphoning hundreds of thousands of dollars worth of bitcoin into his own accounts.

The plot really reads more like something out of a Hollywood movie.

Variety Jones

variety-jonesBut how, exactly, does Roger fit into the picture?

Roger Thomas Clark is allegedly “Variety Jones,” a key individual involved in the day to day operations of the Silk Road marketplace.

Variety Jones originally joined Silk Road in 2011, as a marijuana seed vendor.

Communications between Dread Pirate Roberts and Variety Jones, obtained from logs on machines of Ulbricht himself reveal a clever, worldly confidant, advisor, and manager in Variety Jones.

Variety Jones was a skilled technologist, and over the course of time became heavily involved with running Silk Road and advising Dread Pirate Roberts on murky areas related to business.

This even involved suggesting to DPR taking out a hit on people who were a danger to the working of the business. Variety Jones was DPR’s right-hand man – the go-to sounding board when things became unclear in business.

The man himself

Roger Thomas Clark currently sits in a prison in the country’s capital, Bangkok, while the US makes attempts to extradite him. Roger, at 55, doesn’t appear to the naked eye to be a devious international criminal.

And in terms of evidence against him, it is unclear just how much the US authorities have. When Roger was arrested and his assets seized, unlike Ulbricht, all his files were encrypted.

While there’s a trail of evidence that seems to lead towards him, just what they’ve got remains a mystery for now. Clark remains committed to fighting extradition attempts. After the life sentencing of Ulbricht, it’s easy to see why.

Extradition remains almost certainly a life sentence for Clark. The charges the US government is accusing him of include narcotics conspiracy and money laundering conspiracy, where the outcome if convicted is likely life in prison.

A recent interview

advisor-in-prisonRecently, Ars Technica has been taking the time to interview Clark, both in the visitors’ section of the Bangkok Remand Prison, and listening in to the man while on his way to the courthouse in Bangkok to continue fighting extradition attempts.

And while Clark doesn’t seem to be proclaiming his innocence too much, he does raise another very valid point about the investigation.

“Guilt is a technical term,” he says, “They don’t have s*** on me.” This raises the point in the US that evidence needs to be shown that the accused is guilty without a reasonable doubt.

“Forensics could spend 30 years trying to decrypt those hard drives and still not get anywhere,” Clark says matter-of-factly.

Just what is on those hard drives will perhaps not be known for many, many years, which may indeed have put the US investigation into the matter on a bit of a deep freeze.

What’s next?

Clark alludes to friends in high places in South East Asian governments, deals with officials, and military information. It’s almost like a mystery novel.

The man is clever, for sure, and remains optimistic about his chances in Thailand.

The jail hasn’t beat Clark like it does for so many other foreigners who wind up in the prison system there.

Perhaps it’s because of the groundswell of support from those in the online community, or perhaps it’s because of his inherent nature.

Perhaps it’s just because of the genuine love of the country that Clark has acquired over his years of living in the country – it’s hard not to like, with its sun-drenched personality.

For the moment, Clark remains in a sort of international limbo. While conditions in Thai jail are surely not ideal, it beats the alternative for Clark.

We will have to see just what happens in this case and whether extradition attempts will be successful.

Whether the amount of evidence against Clark is enough to get him onto US shores, or whether the Thai government deems him too important to the country to free is yet to be seen.

All that is known is that Roger Thomas Clark fights on.

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Silk Road 3.0 Returns With A Wide Range Of Products And Services

QzRddtyJw30yuEax1Police forces worldwide have added a number of new sites on their bucket list to track down, a majority of which mostly picked up where the Silkroad has left off with a name that’s not easily forgotten, and never will be.

ANNOUNCEMENT: Silk Road 3.0 is BACK ONLINE and open for business. The team did a massive security overhaul on the site to try and make it more secure and anonymous.

>> Click here to find the Silk Road 3.0 Guide <<

This is not the first time the very first modern black market and best-known platform for illicit drugs emerges in the darknet. Following predecessors that law enforcement agencies have been forcibly shut down- the original Silk Road and Silk Road 2.0, comes Silkroad 3.0.

The darknet market has reportedly been active weeks prior to its initial publicity on a Reddit thread on May 15th. It’s impressive how in such a short time, the Tor hidden site is now brimming with all sorts of goods and services, from hardcore drugs, hacking guides, exploit kits, Netflix accounts, fake IDs and passports, but many remain skeptical amidst the new Silkroad’s massive offerings.

Still, whether you need or want anything or simply out of curiosity, Silkroad 3.0 is something one cannot help but take a close look.

Welcome to the Silkroad

Registered members are given a warm welcome by staff member with the pseudonym “Dimitri” along with a greeting post, conveying the message “You will find everything that you desire here.”

Silkroad 3.0 boasts of being the oldest and most secure marketplaces on the darknet that has stood the test of time. The post tells of the Silkroad staff and vendors catering to software, services, and every substance imaginable, and providing only the highest quality products and the best service you can get.

Putting a keen eye on the platform, it seems that the bulk of the operation is centered on drugs. The menu-style sidebar displays a category including Cannabis, Benzos, Dissociatives, Ecstasy, Opioids, Stimulants, Psychedelic, and Prescription. The popular Weed, Cocaine, MDMA, Heroin, Meth, and Speed fall under some of the headings. Other links are comprised of software, eBooks, and digital goods such subscription accounts for eBay, Netflix, and PayPal.

Sounds like what a drug user, hacker, or anyone with a particular purpose needs. But why aren’t many users convinced of its legitimacy?

A Troubled Past

There’s no one to blame for the looming suspicions, since the big name has constantly been associated with FBI crackdowns, exit scams, drug busts and arrests.

The original Silkroad website in 2011 quickly gained notoriety and became a haven for underground dark web-based global trading, and a marketplace that people have come to trust. By the year 2012, Silkroad managed an estimated $15 million worth of annual transactions. It was at its peak and at the top of the game, but Silkroad ended in total disaster with the website seized by the FBI and its creator Ross Ulbricht arrested.

What about Silkroad 2.0? It suffered the same fate and was shut down a year upon launch. An earlier version of 3.0, Silk Road Reloaded, was reportedly mysteriously abandoned after just two months, despite doubts of being FBI-run honeypot.

Warning Signs along the Silkroad Path

SRWelcome (1)The Silkroad 3.0’s support forum is piling up with unhappy customers and a number of “unresolved” topics that are currently listed. One comment shares that after several emails, there were still no goods and no feedback from the vendor.

Another comment tells of pills offered at a discounted rate, only to be asked at the last minute for another 30 bucks for shipping. The seller hasn’t been online for a couple of days and this buyer is asking for help, by which a Silkroad 3.0 admin simply answers with “I think a vendor is a scammer [sic].”

The forums do give users a warning that certain products and services, like child pornography, firearms, chemical weapons, and terrorism-related items are not allowed to be sold on Silkroad.

This area of the Silkroad 3.0 website is directly linked to the Crypto Market, another underground darknet market for irregular commodities, whose admin is said to be the people behind the revamped Silkroad darknet market.

On keeping up with users’ expectations and evading seizure by authorities, will Silkroad 3.0 last? There are indeed a myriad of unfortunate events that could soon befall the marketplace, but there’s no better answer than to let the website speak for itself.

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Silk Road Mastermind In His Prison Cell

ross-ulbrichtRoss Ulbricht, the creator of Silk Road, was sentenced to a life in prison in the end of May 2015 on count of seven different charges. Judge Katherine Forrest handed over multiple sentences: for 5 years, 15 years, 20 years and two for life. As the charges have to be served for concurrently, Ross has to serve a lifetime in prison without any parole.

However, the convicted Silk Road head has launched an appeal to have his case heard once more. According to the US Court of Appeals (Second Circuit) in which a filing has been lodged, Ross Ulbricht’s team of lawyers’ argument was that a fair trial was not provided to him, key evidence was left out and that Ross was not the actual person who played the Dread Pirate Roberts’ role. Silk Road was an online darknet market that sold everything from drugs to stolen identities and counterfeit documents.

The Silk Road Conviction and After

Ross Ulbricht is housed in the New York Metropolitan Correctional Center and just turned 32 years old on March 27. His parents have moved to a small apartment (from Texas) nearby. It has not been an easy time for the rest of Ulbricht’s family. The situation has been grim with Ross’s mother, Lyn, suffering from health complications due to the stress that she is going through. She suffered a heart attack and is coping with a broken heart. The parents’ lives have been drained both financially and emotionally.

According to an article by Patrick Howell O’Neill, who tracked the everyday life of Ross Ulbricht, the Silk Road kingpin seems to be settling for a life in the prison. He spruced up his life by planting an apple seed in a corner of his room where there was sunlight. However, the sapling was uprooted and placed in the counselor’s office. He has started growing another one it seems. Ross’s mother believes that the life in prison is turning her son into a more humane individual. The Silk Road head is also into bringing up a mouse as a pet in a cardboard box, the prison cell has many of them running around. However, no guard has snatched it off as yet.

Ross does not speak to the media. He spends his day teaching GED to some of the inmates of the prison. He also teaches them physics. Ross is often shifted to other prisons at short or no notice and the task of tracking him down to meet him on their next visit is left to his family.

Screen-Shot-2013-10-02-at-8.33.10-PM1Ross’s mother, in the meanwhile, has been travelling to different libertarian gatherings and garnering support as well as funding for the Silk Road kingpin’s appeal. She speaks out on topics ranging from fair trials, sentencing laws, and Internet privacy laws, to criminal justice procedures. She believes that her son has been imprisoned because he was a political threat. This has been echoed by other alliances and groups such as Drug Policy Alliance and Electronic Frontier Foundation among others.

The US Government however believes otherwise. Contending that Silk Road darknet market sold drugs worth $80 million to its customers, the government believes that the Silk Road founder is responsible for the drug overdose deaths of six other individuals. Ulbricht’s sentence brought to the fore the fact that he was just another drug dealer and racketeer who sought to hide his identity from the authorities and no one is above the law. In this context, it is also interesting to note that many of the alleged nefarious crimes against Ross were never proved in court. Many observers also feel that the sentence has been a heavy one and issued too quickly with basic lack of understanding. As for now, the Silk Road founder would have to spend his days in prison while his family has raised about $433,000 for his legal defense.

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Silk Road 3.0 Down For Maintenance

If you have tried visiting the Silk Road 3.0 website recently (the official URL http://reloadedudjtjvxr.onion) you might have found the site – offline.

cmNow, apparently Silk Road 3.0 is run by the same admins that run Crypto Market, so if you are not afraid to experiment a little, maybe this can be a suitable alternative for you. Crypto Market is growing rapidly and already is the 4th biggest darknet market with over 20000 listings and 12500 listings of drugs. It is known that the Crypto Market has also been offline every now and then recently because of a DDos attack, this is usually because the owner of another market is pissed off that there is a new market rapidly rising and stealing business. The developers are trying to apply new security measures and other upgrades to eliminate the threat which will only make it better.

Just to recap, Silk Road is the best known name for a darknet market; it’s almost like – a rock star on the darknet! The original, first Silk Road market was founded by Ross Ulbricht, later arrested and convicted to two lifetime sentences in prison.

Immediately after the fall of the market and Ross Ulbricht, Silk Road 2.0 emerged. 2.0 wasn’t in the media as much as its predecessor but actually did more business than the original, and pretty soon was seized by the officials; its founder was arrested as well in the Operation Onymous.

However, the saga didn’t end here and the 3.0 version of the market was born. It had a brand new design and it was much more secure than the previous version of this popular drug market.

At the same time new speculations started. Some claimed that the market was a scam and that they are trying to fool inexperienced buyers and perform an exit scam. Some users (perhaps those veteran users that have seen several marketplaces go down for this or that reason, such as Silk Road, Agora, Evolution, and so on… and are used to these dynamic changes on the Dark Web) are totally blasé about this; while others agree with the exit scam being the possible cause.

Whatever the cause for this downtime is and whether we should trust the speculations, it is still just an object of debates on the internet, until the admins release the official explanation. And despite many allegations, many have remained faithful to the Silk Road brand and still hope that their chosen marketplace will be up and running in no time.

There is nothing strange in these sudden disappearances of darknet markets. It can happen anytime and for any reason. Every time a darknet market disappears, immediately new speculations spring out – people evaluating whether it’s an exit scam or a DDoS attack or whether the market was seized by the authorities. Even bigger fuss is made when one of the markets bearing the Silk Road brand name goes missing.

After the pioneer marketplace Silk Road, it happened to its successor, a very popular market Agora. The admins planned to work on improving the security of its website, and promised to be online as soon as they resolve some well-known issues with Tor network. They officially announced their break and even offered enough time for their customers to withdraw their funds from the website. However, their long awaited return hasn’t happened yet; instead, many other markets followed and joined them in their disappearance from the face of the Darknet.

In the case of Silk Road 3.0, everything is still possible; and it feels reasonable to hope it’s just down for maintenance.

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itBit Wins 5 Blocks In The Latest Silk Road Bitcoin Auction

ANNOUNCEMENT: Since the Silk Road 2.0 bust by the feds a few other Darknet Markets have fallen. Silk Road 3 is up and running with a big selection of goods.

>> Click here to find the Silk Road 3 Guide <<
The auctions arising from the seizure of the Silkroad marketplace in October of 2013 have finally finished, and with it end one of the final chapters of the world’s first darknet market.

The Silkroad marketplace had started out in February 2011, as an online space hidden behind the Tor browser that offered anonymity in Internet purchases. It used Bitcoins, the world’s first cryptocurrency to trade, and pseudonyms for buyers and sellers, thus making all exchanges virtually untraceable.

Unsurprisingly, Silkroad became a hotspot for dealing in illicit substances, and was soon on law enforcement’s radar.

Silkroad unravelling began in 2012 when the Baltimore Silkroad Taskforce began undercover operations designed to unmask the person behind the infamous marketplace.

Due to the work of authorities, Mr. Ross Ulbricht aka Dread Pirate Roberts, the originator of Silkroad, was arrested in October 2013 for his handiwork in founding and overseeing the Silkroad site. Following his arrest officers confiscated 26,000 BTC from the site, and then later 144,000 BTC from the laptop belonging to Ulbricht.

Silkroad Bitcoins Are Being Auctioned?

Book and Hammer
These Silkroad bitcoins have been slowing getting sold off in auctions conducted by the U.S. Marshal’s Service.

The first lot of seized bitcoins went up for sale in June of 2014, and came to a total of 30,000 BTC overall. The currency was split up into “blocks” and attracted 45 bidders placing a total of 63 bids.

Following rounds of auctions saw an increase in the number of bitcoins available, but a decrease in the number of bidders. All bidders were expected to make a US $100,000 per block deposit before entering the bidding process.

Who Have Silkroad BTC Gone To In Previous Rounds?

The winner of the majority of the blocks in Silkroad first round of auctioning off was Tim Draper. Draper is a venture capitalist with investments in companies such as Hotmail and Tesla. He cited his reasons for bidding as “wanting to strengthen cryptocurrency markets for international countries that have weak currencies.”

A syndicate helmed by venture capitalist Barry Silbert was the major winning bidder in the second round of Silkroad auctions totaling 50,000 BTC, where 11 bidders made a total of 27 bids.

In the third round of Silk Road auctions, totaling 50,000 BTC, in March of 2015, itBit reported that they had managed to win 3,000 worth of bitcoins.

Who Are itBit?

itBit is a financial services company specializing in bitcoins that first came on to the scene in April of 2012. They are a forward-thinking institution that strives to provide an accessible, legitimate and relevant service for those wanting to trade in cryptocurrencies.

Following itBit’s win in the third round of auctions, they applied for bitcoin’s first banking license, and in May 2015 were granted it by the New York Department of Financial Services.

In the fourth and final round of the Silkroad auctions held over six hours on November 5, itBit managed to outbid its competitors in grabbing a maximum amount of five block of the 44,000 bitcoins auction, which resulted in a win of approximately 10,000 BTC.

What Does This Mean For The Bitcoin Market?

Cash
Initially, before the completion of the first auction, analysts were uncertain of the anticipated effect of the auction on the price of bitcoins. If extra currency suddenly entered the market, then this would usually signal a drop in price.

However, the bitcoins weren’t immediately used.

If we can go by the history of what has happened in the price of bitcoins before, during and after the markets, then we needn’t be too worried. Following the end of the first Silkroad auction the price of bitcoins actually rose substantially, from 585 dollars beforehand up to 600 dollars following.

Prior to the second Silkroad auction the price of bitcoin plummeted, and remained low for a short time before recovering to previous prices.

A similar effect occurred in the third Silkroad auction.

Due to the knowledge that is it unlikely any of the winning bidders bitcoins will end up flooding the market anytime soon, we can be somewhat reassured that the price of bitcoins will remain on its course at present.

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Silk Road Mastermind Sentencing Has Been Postponed

ANNOUNCEMENT: Since the Silk Road 2.0 bust by the feds a few other Darknet Markets have fallen. The best Darknet Market available is the Agora Marketplace. It has the best reputation and a bigger selection of goods than Silk Road 2.0.

>> Click here to find the best alternative: Agora Marketplace <<

Ross UlbrichtRoss Ulbricht, the man behind the Silkroad darknet market, after being convicted on February 2015 for seven crimes, including money laundering, computer hacking, and assassination conspiracy, has had his sentencing postponed from the May 15 to May 29.

New allegations have emerged that six people died of drug overdose from drugs purchased on the Silkroad black market site. However, the defense argue the prosecution haven’t shown sufficient evidence, and this extra time may help the defense to discredit the allegations.

The dark-web mogul first made headlines after creating an online platform for the illegal sale of drugs called Silkroad, making an untraceable world that remained inaccessible to the FBI and law enforcement officers until his arrest was made in the San Francisco public library in October 2013. They seized his laptop and discovered that $13.4 million of bitcoins could be traced back directly to the Silkroad server.

It took the jury less than four hours to convict Ulbricht earlier this year, and his defense team quickly admitted he had created Silkroad. But the twists and turns of the Silkroad case never seem to end.

FBIFirst of all, Ulbricht’s lawyer Joshua Dratel accused the prosecution of basing their evidence on “exhibits rather than testimonies.” With this claim, they requested a new trial stating that his fourth amendment rights were violated by the FBI when they searched the Silkroad servers.

Another twist occurred when two federal agents were charged with stealing hundreds of thousands of dollars in bitcoin. Carl Mark Force IV and Shaun Bridges were found to have been involved in money laundering, wire fraud, and theft of government property.

The messy case continued to churn out new revelations almost daily, including fake murders and a witness taking the fall for an agent’s theft. With estimated sentencing of 30 years to life, we await the final verdict on the Silkroad mastermind or the latest twist.

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Will The Arrest Of The Ex-Feds Help Ulbricht’s Case?

ANNOUNCEMENT: Since the Silk Road 2.0 bust by the feds a few other Darknet Markets have fallen. The best Darknet Market available is the Agora Marketplace. It has the best reputation and a bigger selection of goods than Silk Road 2.0.

>> Click here to find the best alternative: Agora Marketplace <<

Ross UlbrichtCarl Force, a former Drug Enforcement agent, and Shaun Bridges, a former Secret Service agent, who helped the government shut down the online drug marketplace Silk Road have been charged with stealing Bitcoins from the darknet market during the course of the investigation. However, the criminal complaint filed against the two federal agents is definitely not the Get-Out-of-Jail-Free card that the convicted Silk Road founder Ross Ulbricht’s defense is looking for even though the voluminous accusations are disturbing.

However, this can torpedo the murder-for-hire and make it far more complicated. Further, this good news/bad news situation could disturb the sleep of several unidentified drug dealers on the Silk Road. This is because the fed is likely to track bitcoins much more seriously than before as a result of the charges filed against Force and Bridges. Unfortunately, the case would not either help start a new trial or affect the murder-for-hire charge against Ross Ulbricht in any manner whatsoever for the following reasons:

The prosecution has already convinced the judge that the behavior of Force was not exculpatory to the defense. Therefore, the argument that Force made an attempt to frame Ulbricht becomes irrelevant.

The arrest of the feds is not something out of the blue; it was a development that was already under consideration.

In the New York investigations, Force was not involved. While the investigation at New York was focused on identifying the server and technical analyses, the focus of the Maryland case was infiltration into Silk Road. The two teams were not on speaking terms.

The prosecution in New York did not bring up the references to the murder-for-hire case in order to show criminal intent because of double jeopardy concerns.

In simple terms, accusation by the defendant that another person other than him/her has also committed a crime does not hold ground in the absence of any evidence of connection between the crime and the perpetrators. Further, the context is also important.

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