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Tag: Ross Ulbricht

How Authorities Tracked Down Alleged ‘Silk Road’ Founder

Steve Neavling
ticklethewire.com

Authorities knew him as the “Dread Pirate Roberts” and the founder of the largest online marketplace for illegal drugs.

His sophisticated site, called Silk Road, made it nearly impossible for authorities to trace him or the users because of an encryption network and digital currency called “bitcoin.”

But FBI agents finally tracked down the alleged founder, 29-year-old Ross William Ulbricht, after he posted his Gmail address online, CNN reports.

Experts were able to track him down at a San Francisco library.

The site allegedly sold drugs, fake IDs, guns and even hitmen.

FBI Busts Alleged Mastermind Behind Underground Marketplace for Drugs Online

Steve Neavling
ticklethewire.com 

Investigators have struggled for two years to stop an online, underground marketplace from selling more than $1 billion in cocaine, heroin, ecstasy and other illicit drugs in exchange for a virtual currency called Bitcoin, The Verge reports.

But now it appears the FBI has snagged the mastermind, Ross Ulbricht, who is being charged with narcotics trafficking, money laundering and computer hacking.

The site, called Silk Road, was only accessible through a special network.

According to The Verge, law enforcement bought more than 100 packages of drugs and had them sampled.

“Samples of these purchases have been laboratory-tested, and have typically shown high purity levels of the drug the item was advertised to be on Silk Road, FBI Agent Christopher Tarbell told The Verge.