ANNOUNCEMENT: Well it has happened! Another Silkroad Darknet Market has spawned after the demise of Silk Road 2.0. The new site is called Silk Road Reloaded and is utilizing different technology than its predecessors therefore a new guide for Silk Road Reloaded will be coming soon. In the meantime Agora Marketplace is still alive and kicking bigger than ever with more listings than Silkroad 2.0.
Trial of alleged operator of Silk Road anonymous marketplace starts and it will be an unprecedented trial. Accused person is the one who created an online marketplace that offers unlawful items. After many months of delays, Silkroad trial got underway in Manhattan.
This case is being called first of its kind and a very significant case. Two reasons why this case is so unprecedented are that the government has never before used money laundering to include digital currency. Also, never before have charges been levelled against a web host for creating a website. Most people think that web hosts enjoy protection from the communication act.
Prosecutors may not find it easy to prosecute the operator because they will have to prove that he (Ross Ulbricht) is actually Dread Pirates Roberts who created and owned an online black market site called Silkroad that was taken down by Feds in 2013.
Ulbricht faces charges that include money laundering and hacking as well as trafficking of narcotics. He pleaded he is not guilty of these charges and he has also consistently denied that he is in fact Dread Pirates Roberts.When the trial got going, strong statements were issued by both defense and prosecution. Ulbricht’s defense lawyer however had to concede that Ulbricht actually founded the Silk Road but that he had given up control once he was arrested in 2013.
Prosecutors claimed that Ross had been caught in the act of running the Silk Road. They seemed determined on showing that the Silk Road was hell-bent on staying anonymous and that it could only be accessed in a special way that hid users’ IP addresses.
What’s more, since Silkroad was accepting digital currency like Bitcoin, government also expanded the act of money laundering to include digital currency.
Ulbricht’s lawyer had argued that bitcoin is not real money but Judge Forrest threw this argument out saying that bitcoins are valuable and they are a medium of exchange.