Tag: silk road

From Silk Road Drug Lord to Potentially Dying in Prison

Drug dealers active on the darknet will get caught sooner or later. In the case of Hugh Brian Haney, his arrested occurred just a few days ago. It seems he was arrested for selling drugs on Silk Road, a platform which has been defunct for many years now. This goes to show the investigation regarding that marketplace is far from over.  The Silk Road Connection Most people are familiar with …
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Crooked Silk Road Investigator Receives Additional Two-Year Jail Sentence

Bitcoin enthusiasts will recall an individual going by the name of Shaun Bridges. During the Silk Road investigation, Bridges was one of two US officials who stole bitcoins taken from Ross Ulbricht and his darknet marketplace. In a startling turn of events, Bridges will serve an additional two years in jail for money laundering. The sentence is well-deserved, although the punishment may not be severe enough. Shaun Bridges Remains in Jail The entire …
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Money Raised From Silk Road Bitcoins Is Now Property of the US

Most cryptocurrency enthusiasts will recall how the US Justice Department seized over 144,000 BTC during the Silk Road shutdown. Said bitcoins have always belonged to Ross Ulbricht, who argued the money didn’t belong to the DOJ in the first place. Unfortunately, his appeal was rejected, effectively netting the government institution a US$48 million payday. It’s another major plot twist in the world of Bitcoin and Silk Road, albeit not a positive …
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Ulbricht Loses Appeal

Two years after the darknet market Silk Road launched, the FBI shut it down, and seized the Bitcoin funds of sellers and buyers that were held there. They proceeded to arrest the person they felt was the owner and founder, Ross William Ulbricht. Ulbricht’s pseudonym on the site’s forums was “Dread Pirate Roberts” or “DPR” for short. Just a few days ago, Ulbricht lost his appeal and will serve life in …
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