US Government To Auction Off $18m Worth Of Bitcoins

>> Click here to find the Silkroad URL and know how to get to the Silk Road 2.0 <<

The US government has categorically stated that they are going to auction the Silk Road bitcoins that were seized in connection with civil forfeiture band criminal actions against Ulbricht in the Southern District of New York.

Silkroad Bitcoin

In a press release, the US Marshalls have indicated that the auction will take place during a 12 hour period on 27the of June 2014 and bids are now being accepted by emails from registered bidders. Those who want to bid for the bitcoins are already downloading the auction forms from the US Marshall’s official website in readiness for what will definitely be a big day in the United States.

The big question however remains whether the government is right to action the Silk Road bitcoins now that no conviction has been done yet. Those Silk Road bitcoins have already been ordered forfeited by the United States and Ulbricht charged with narcotic trafficking, money laundering and computer hacking. The most worrying part is that Ulbricht has not been convicted or found guilty of all these crimes at the moment yet the Marshalls are already preparing to go ahead with the auction.

Even though the US Government claims to have concrete evidence against the suspects, a problem is bound to arise should the courts rule in favor of the accused. In such a circumstance, the action by the government to auction the bitcoins before conviction will bring up several issues. It will seem as if the government had already convicted the accused even before the court’s verdict.

Silkroad Bitcoin

This move to auction those Silk Road bitcoins is therefore purely a premature one. The US government advisors should have advised the government to wait for the court ruling on the matter before embarking the auction. This auction is set to be carried out on June 27 and a lot of issue s will for sure arise even after the auction should the accused be found innocent.

>> Click here to find the Silkroad URL and know how to get to the Silk Road 2.0 <<

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Could Illegal Sites Like Silkroad Be Good For Society?

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This Hidden site Has Been SeizedCertainly Silkroad and other illegal sites are beneficial to the society. Use of contraband drugs has only increased even as various governments have intensified the fight against illegal drugs. People want to get high they will get high no matter what you do but illegalsites like Silkroad provide safety.

Benefits of illegal sites like Silkroad

Reduce violence

While buying drugs on the streets chances of being assaulted or robbed are high. The gangs that sell these drugs also fight among themselves to secure their territories. This never happens online.

Quality drugs provided

In an attempt to make their drugs better or more intoxicating street vendors are susceptible of lacing them with harmful substances, which may be detrimental to the health of the consumer. Sellers on illegal sites like Silkroad sell quality drugs because one bad review may put you out of business immediately.

Affordable prices

Silk Road website

In the streets you do not have the luxury of comparing prices since you are afraid of getting caught .The street vendors know this and thus they sell at exorbitant prices, on online marketplace like Silkroad you can check the prices of all vendors and buy at an affordable price since they are all clamoring for customers.

Chances of being ripped off are lower

Your payment is held in escrow until you confirm you have received the merchandise then the seller gets it. In the streets the chances of being cheated are high.

Decongested prisons

Not many people are arrested selling or buying drugs online since they mostly are anonymous. Physical contact is minimal this leaves our jail cells less congested.

Drawback

The accessibility of drugs with no fear or little chance of being caught may cause a spike in drug abuse and peddling however, it is a mistake to blame illegal sites like Silkroad for that since they did not introduce them to the society. Furthermore they have ensuredpeople consume uncontaminated drugs and violence has reduced in our streets. Aren’t our streets safer?

Silkroad also sells art, biotic materials, books, collectibles, and digital goods all at competitive prices. It has improved the lives of the poor by making less drug peddlers be around their neighborhoods.

>> Click here to find the Silkroad URL and know how to get to the Silkroad 2.0 <<

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Bitcoin Exchanges Linked To Silk Road? So the FBI Thinks

Silkroad LogoThe FBI are investigating possible ties between bitcoin exchanges and an online drug market Silk Road, an illegal online market which was closed down by the FBI one year ago. In addition to searching for customer transaction logs from every exchange, both the FBI and prosecutors are investigating whether this exchange as well as others companies may have been involved in the transactions. The investigations have just kicked off and no conclusion has been made as to whether or not these companies were involved in these transactions.

As part of the investigation, the FBI seized a huge cache of Bitcoins, a currency that was used in Silkroad transactions. Authorities say they have managed to seize 144,000 bitcoins, worth $28.5 million at the present exchange rate, making it the largest seizure of that crypto currency to have been seized. The cache is believed to belong to Ross Ulbricht, a founder of the Silk Road. While the FBI did not disclose how they concluded the bitcoins belong to Ross Ulbricht, they were certain they were his.

Silk Road was a notorious online marketplace which allowed drug barons to sell and purchase drugs using bitcoins. Before it was shut down by the authorities, over $1.2 billion worth of trade was conducted on the website exclusively in a virtual currency Bitcoin.

Bitcoin Curency

When the FBI ordered its closure on 2 October 2013, the man allegedly behind it, Ross Ulbricht was arrested and charged for running an illegal business. Authorities claimed they violated money laundering act by allowing their users to purchase drugs and other illegal goods on their website, an offense which carries a sentence of 20 years in jail. Ross was using his laptop in San Francisco at a time of his arrest and authorities were expected to use the laptop for proof he is really the kingpin of Silk Road.

>> Click here to find the Silk Road URL and know how to get to the Silk Road 2.0 <<

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Silkroad Is Back Bigger Than Ever!

>> Click here to find the Silk Road URL and know how to get to the Silk Road 2.0 <<

For many years, enthusiasts have tried to figure out some ways to buy drugs without being handcuffed by the DEA or setting up mysterious meetings with dealers from a bad world’. Finally, there’s been some relief for these people who want to take their high’ to the next level, while being able to enjoy the convenience of the Internet. With websites like Silkroad, you can buy a wide range of drugs without being directly involved with any drug dealers or worrying about breaking any laws.

Silkroad and Bitcoin

A Brief Overview of Silkroad

It is a comprehensive website where you can order almost any drug in the world. While some critics have been questioning the trust factor’ of the website, there are many customers who’ve loved the service.

This website is an e-commerce store where the only things you can buy or sell are drugs. In order to protect the identities of customers, this website can only be accessed through an anonymous network called TOR. Moreover, it only accepts payments in the form of Bitcoins, which is an untraceable digital currency.

Silkroad is Back 

On 2nd October, 2013, law enforcement officials arrested Dread Pirate Roberts’. He is considered to be the elusive proprietor and creator of this anonymous online black market. He had been evading the grasp of authorities since 2011.

Silkroad has quickly become one of the most popular platforms for illicit drugs, stolen content, hacking wares, forged documents or some other illicit items people would want with the exception of child pornography and weapons.

After some customers were hit by the Bitcoin scandal and Dread Pirate Roberts was arrested, traffic to the website was hit hard, and it was temporarily shut down. However, the wait is finally over.

Silkroad site

Silkroad is Back, and It’s Bigger Than Ever

Approximately 13,648 listings for drugs are now available on Silkroad compared to the 13,000 that were listed shortly before the FBI arrested Ulbricht and shut down the site. In comparison, Silkroad’s closest competitor, Agora, has just roughly 7,400 drug listings.

Since the time this website was seized, the competition in the industry has substantially increased. Silkroad 2.0 contains more listings than ever. In fact, when it comes to drugs, the new version of the website contains over 75% more listings. The website has continued to conduct steady business despite any arrests that were made in the past.

Many scam artists tried too hard to fill the void when the website was shut down. This created a bit of distrust among customers. Some operators allegedly store millions of dollars worth of bitcoins. Skilled operators and developers of the website have been able to turn this crisis into an opportunity. The hack was organized in February, and affected thousands of customers.

However, the operators devised a specific plan to give bitcoins back to the customers who were hit during this hack. This allowed the developers and operators of Silkroad to reaffirm customers that it’s not a scam market like other online black markets. With the rapid growth of the website, there’s no doubt that Silkroad will continue to draw more attention in the coming months. It will generate more interest among customers who’re looking to buy illicit drugs anonymously.

>> Click here to find the Silk Road URL and know how to get to the Silk Road 2.0 <<

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Careless Dealer on Silk Road Anonymous Marketplace Busted

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SilkRoad

A vendor on the online marketplace Silk Road, learned that he was not as anonymous as he thought he was while facilitating transactions. In February of 2014, Kennedy was arrested by Department of Homeland agents and was subsequently charged with narcotics trafficking, gun theft, and counterfeiting related crimes.

If found guilty of all the charges he is facing, Kennedy would face upwards of 20 years in federal prison.

Man with the handcap

Based on a press release issued by Homeland Security, a Baltimore based special Silk Road task force intercepted a package addressed to Kennedy. The contents of the package, which was shipped from China, contained the illegal drug ecstasy. Merely receiving the drug is a federal crime in and of itself, but Homeland Security chose to investigate the matter further.

During the investigation, Homeland Security revealed Kennedy allegedly sent a package to England containing cocaine. Undercover agents then launched a sting operation and, during the operation, were able to purchase both a handgun and cocaine from him.

Shockingly, Kennedy did not go very far to protect his anonymity. He posted images of himself with contraband on social networks such as Facebook and Google Plus. All of these images and his activity on his social media profiles has been entered into evidence against him in a court of law.

The arrest does point out the fact that, while transactions on sites such as Silk Road can be anonymous among the buyers and the sellers, the sales do occur in the real world. If you are carless and don’t take your anonymity serious then you definitely shouldn’t be visiting these sites.

Of course, those who do not take steps to protect their anonymity are not going to remain anonymous. Any and all activity on social media platforms brings a person to the attention of the public.

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Australian Facing Extradition for Being A Silkroad Admin.

>> Click here to find the Silk Road 2.0 URL and guide and how to get there.<<

SilkRoad JailThe fate of Peter Phillip Nash is still in the hands of the Australian government as a decision is yet to be reached on whether to extradite the 41 year old to the United States. Nash, who hails from Queensland State, was convicted together with two other men in a drug dealing saga. As an alleged moderator of Silk Road, a website through which people buy illicit drugs such as cocaine and heroin, Nash faces conspiracy charges.

The charge sheet detailed the conviction as a conspiracy to engage in computer hacking, narcotics trafficking and money laundering with regards to the website activities in the month of December. The buyers and sellers on the Silk Road platform used bitcoin, a digital currency. The Australian Attorney, General George Brandis through his spokeswoman confirmed that indeed Nash formally relinquished extradition rights when he appeared before a Queensland court. The spokeswoman further added that it was now incumbent upon the Australian Justice Minister to determine whether Mr. Nash is to be surrendered to the United States of America in line with the Extradition Act Section 15B.
However, Justice Michael Keenan, the spokesperson for the Australian Minister for Justice was not immediately available for comment.

The Co-accused, the two men accused together with Mr. Nash, were arrested in Ireland and the United States. According to the indictment read in December, the role played by the two, aged 24 and 25 was that of website administration.

Peter Phillip NashThese convictions come hot on the heels of the arrest in October of Ross Ulbricht, the alleged founder and mastermind behind Silk Road. The indictment identified the three men as accomplices and support personnel for Silk Road, drawing salaries to the tune of between $50,000 and $75,000 per annum.

According to findings and reports, Nash, also known as “Anonymousasshit” and “Batman73”, has been a moderator for Silk Road from January 2013.

>> Click here to find the Silk Road 2.0 URL and guide and how to get there.<<

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Silk Road 2.0 to Reimburse Stolen Bitcoins

>>Click here to find the Silk Road URL and know how to get to the Silk Road 2.0<<

It was a matter of days ago that it was widely reported that the illegal Silk Road 2.0 had been hacked, which resulted in the theft of at least 4,400 BTC. The owner of new Silk Road recently posted on the site’s Tor forums that a total of 3 different hackers had managed to exploit a transaction bug to acquire the BTC from the site. “Defcon”, the website’s creator, estimated that 47% of every SR user had lost their account funds.

Bitcoin

Details on the current and past situation have been vague, largely due to the fact that information on the Deepweb can be lacking in reputability. The nature and secrecy of the way such illegal sites operate means that publicly available statistics are almost non-existent.

The timing of the Silk Road 2.0 theft was just around the same time that Mt. Gox (the world’s biggest bitcoin exchange) was also hacked and $400 million worth of bitcoins was stolen. This seems to back up the admins statements that the bitcoins were stolen and it was not an inside job.

This event is the second time that Silk Road users have lost their funds, the last being when they were seized in the FBI take down of SR 1.0. But this time, the owner has claimed that 2.0 users will be reimbursed with their funds that were taken during the hack. The administration team will apparently receive no commissions until everyone’s been refunded, and they’ll maintain high levels of transparency about their progress.

The marketplace will continue, this time as no-escrow. A 5% commission will be charged on all items which will be instantly transferred to victims’ balances after payment.

Whilst there’s users that are overjoyed at the news of their possible refund, there’s also no lack of skepticism within the community. Some people feel that they are being forced in to using the new SR 2.0 to get their money back. The allegations made that the theft of 4000+ Bitcoins might have been committed by the site administration itself has resulted in some doubt for victims and users of the site alike. “Defcon” has made a statement to say that the investigation is ongoing and that every sign shows that the hack wasn’t performed by site staff.

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The Arrest Of Bitcoins Vice Chairman.

BitInstant’s chief executive officer, together with Robert Faiella, has been arrested and has been charged with plotting to commit the felony of money laundering. According to federal prosecutor, Shrem purchased drugs personally on Silk Road while fully aware of the web-site’s drug trafficking activities. According to the department of Justice, the two were charged with selling a million dollars worth of Bitcoins to individuals who attempted to buy as well as sell drugs on a black market website.

Earlier this month, prosecutors announced that they had forfeited $28m worth of bitcoins that had been impounded from Silk Road. Silk Road is a secret marketplace which has the reputation of being used to buy and sell drugs among other things.

Shrem heads BitInstant, which is bankrolled by the Winkloves twins. Last year, the two pumped in more than $1.5 million in this company. Following the arrest of Shrem and Faiella, a spot check revealed that the BitInstant website remained offline on Monday morning.
Shrem also serves as the Bitcoin Foundation’s vice chairman. Only last weekend, he was featured as a key speaker at the Bitcoin conference that was held in Miami.

According to one news release that came from the justice department, Shrem was seized in New York at the John F. Kennedy International Airport, and later charged with the crime of money laundering.
U.S Drug Enforcement Administration’s James J. Hunt, said the following in the news release:

“The charges announced today depict law enforcement’s commitment to identifying those who promote the sale of illegal drugs throughout the world.”

He further added that the two, while hiding behind their computers, knowingly contributed to, and facilitated, anonymous drug sales as a result of which they earned significant profits.

In October last year, the Federal Bureau of Investigations, FBI, closed Silk Road and captured Bitcoins worth millions of dollars. Silk Road, the famous online black market, helps people to buy and sell unlawful goods such as guns and drugs.
Since being busted, the FBI has been using the records belonging to Silk Road to track down other people who are also involved in the illegal activities. It is that information that probably led the law enforcers to catch Faiella and Shrem.

Charges preferred on the duo

Faiella, 52, a native of Cape Coral, and Shrem, aged 24 and a native of New York, were both charged with one count, and that is conspiring to commit the crime of money laundering. Also, they were charged with another count of operating a money transmitting business that was unlicensed. The maximum jail term carried by these charges is 25 years. Shrem faces an extra 5 years in jail, after failing to report a suspicious activity.

The justice department says that Faiella secretly operated a bitcoin exchange on the online black market, Silk Road. After he received Bitcoin orders, he would go ahead and fill these orders through BitInstant. After that, he would sell them at a profit to Silk Road.
Being the CEO as well as BitInstant’s chief compliance officer, shrem was allegedly aware of the reasons for Faiella’s exchanges. Additionally, the government alleges that Shrem personally bought drugs from Silk Road.

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Silk Road Mega Security Upgrade Complete!

The head of the Silk Road, Dread Pirate Roberts, has taken some initiative and don’t a full scale upgrade of security and redundancy to protect the site, users and users bitcoins from hackers and the authorities.

This comes at a time when users of these online black market sites are feeling extremely vulnerable because the closure of the two main competitors Black Market Reloaded and Sheep Marketplace. These both closed and people lost a ton of money in the closure.

The new upgrades to Silk Road have been based around making the site more secure and trying to safeguard against closure by the authorities. Apparently Dread Pirate Roberts  has set up a fail over system by uploading portions of the site to hundreds of servers around the world so if one goes down or is seized by the authorities then it can go straight back within minutes as if it never went down at all. It is almost like having splinter cells set up everywhere so even if they think they took one down then another is straight back up and in its place. Dread pirate Roberts wrote “They have sunken one ship, but now they have awoken the Kraken”

Silk Road Security Upgrade Complete

As some people are probably aware that some other sites where actually the ones closing themselves down and running with the money so they are probably thinking that they could just do the same, well they could but I doubt it. The reason I say this is that as they are now the biggest online black market in the world again, virtually no competitors, have the best reputation, the most morals, the best security ever now seen in one of these sites and a massive community they stand to make far more money by staying open than anything we have ever seen before. It will dwarf any previous site.

>>> If wanting to visit Silk Road then you will want to follow this guide by clicking here. <<<

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Silk Road Undergoing Upgrades – Still Up

Silk Road Anonymous Marketplace is undergoing upgrades to the system in the wake of Sheep Marketplace and Black Market Reloaded going down. The reason for the upgrades is to cope with the increased traffic received since BMR and Sheep have gone down.

Sheep Marketplace went down a couple of days ago after it claimed that a security leak contributed to someone hacking them and stealing all of the bitcoins which are rumored to be around the $40 million mark. Many are thinking that the whole site was just a scam as many vendors apparently were offering massive discounts just before closing prompting many people to believe it all was just an elaborate hoax to get more bitcoins deposited int he system before they all took the money and ran.

Black Market Reloaded is now reportedly closing as well because the administrator says that because Sheep Marketplace is closing then it will not be able to guarantee the anonymity of its users with the new influx of users that will come over from Sheep marketplace.

It seems as though Silk Road 2.0 has risen to the top of the tables to be the biggest black market website in only around 1 month. This also enforces the fact that you want to take your online anonymity dead serious and take every possible precaution you can to be untraceable and encrypt everything.

Sheep marketplace down

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