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…
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…
Shoshanna Utchenik ticklethewire.com An internal FBI report that was leaked and made its way onto the Internet this week may unfortunately help some folks with illegal activity. The website WIRED reports that that an FBI report called “Bitcoin Virtual Currency: Unique Features Present Distinct Challenges for Deterring Illicit Activity,” raises concerns about the anonymous Bitcoin payment network…
