Silk Road (drug marketplace) shut down, founder arrested

[DINGO Joe]

So reading the actual criminal charges now, it's really interesting. Also a good summary on reddit. Apparently he f**ked up multiple times; by using his actual email address (with his real name) to promote the site when it was starting up in 2011, and by telling the police when they came to question him about the fake IDs (not knowing anything other than that he was some guy ordering fakes on the internet at this point) that "hypothetically" one could buy these things on some strange place called the "Silk Road". *facepalm*

Still a huge amount to piece together; whether this murder he supposedly paid for actually happened (local police don't recognize the alleged photos), whether there was in fact a second murder (which he allegedly bragged about in messages to other people on SR), what actually happened to the SR servers (the report says they were "in a foreign country" but doesn't say where or how they found them or what exactly happened to them), a whole bunch of other stuff.

And of course, because this is the 21st century, somebody pulled drunk beer pong photos and political rants from his Facebook and screencapped them lol

This whole thing could make a great movie some day.

Was he by chance a high school computer teacher who was diagnosed with cancer?

[DINGO Joe]

The seized bitcoin should go towards reducing the federal debt.  Problem solved.

[DINGO Joe]

So, the 26,000 bitcoin seized so far is just the "coin" that was is the Silk Road account, the FBI is still digging for Ulbricht's personal stash which is estimated at 600,000 bitcoin.  The Feds will hold it thru the trial and conviction and then they will liquidate it.

http://www.forbes.com/sites/kashmirhill/2013/10/04/fbi-silk-road-bitcoin-seizure/


Kind of ironic that the Feds are now or soon will be one of the largest holders of bitcoin.

Great story.