FBI Shuts Down Silk Road
FBI agents have shut down Silk Road, a black market found on the Deep Web. The 29-year-old creator of Silk Road, Ross Ulbrict, was arrested at a San Franciso public library by plainclothes FBI agents. Ulbrict, also known as "Dread Pirate Roberts" on Silk Road, is facing various criminal charges including narcotics trafficking conspiracy, computer hacking conspiracy and money laundering conspiracy. The Verge has managed to get a copy of the criminal complaint, which lists the various steps taken by the U.S. authorities to identify Ulbrict as the owner of Silk Road.
An underground website that allowed users to purchase and sell various illegal products and services such as drugs, computer viruses and even murder-for-hire, Silk Road routed traffic through the Tor network. The network allowed users to browse the website anonymously and securely by directing traffic through multiple relays in order to keep users' identities secret from those conducting network surveillance or traffic analysis. All transactions were processed with bitcoin, a virtual currency that leaves no traditional money trail.
Source: The Verge