Silk Road News

Almost 10,000 BTC, originally linked to the infamous Silk Road, are being shifted, marking one of the largest fund transfers connected to the now-defunct darknet marketplace in recent memory

James Zhong, a 32-year-old Georgia man, was sentenced to one year and one day in prison for defrauding the Silk Road dark web marketplace of approximately 50,000 bitcoin (BTC) in September 2012.

The U.S. government is getting ready to auction off 41,000 Bitcoins that were connected to the infamous Silk Road marketplace. The proceeds will be used to benefit the U.S. Treasury.

U.S. Attorney Damian Williams announced Monday that authorities had seized over 50,000 bitcoins, allegedly linked to the illegal online marketplace, Silk Road. At the time of the seizure, the digital currency was valued at around $3.36 billion. Silk road fraud…

Yearn Finance recently tweeted that its v1 yDAI Vault got hacked. A part of the deposits, worth $11 million, got lost. The attack helped the hackers to acquire a total of $28 million. A Detailed Look on the Yearn Finance…

With the use of cryptocurrencies increasing on the dark web, we explore what the possible long-term effects this type of usage will be on the adoption front. Crypto in Shadows One of the most fascinating concepts on the internet is…

The cryptosphere is agog with rumors about a bitcoin whale – someone controlling a significant amount of bitcoin – preparing to dump approximately $1 billion worth of bitcoin on the market. If it happens, such a move would almost certainly…

Canada’s British Columbia government is laying claim to $1.4 million in bitcoin from a mail-order marijuana dealer it managed to seize many years ago. Cryptocurrency Claim Gives Legitimacy to Industry The Government claimed that the mail-order marijuana dealer was a…

In a 2015 legal case that sent shockwaves through the crypto world, Ross Ulbricht was sentenced to life in prison without parole for his role in creating and running the billion-dollar Silk Road online black market. Below in an interview…

The United States Marshall Service will be hosting another auction of bitcoin, worth around $1.6 million at current trading prices. Scheduled to occur on August 22nd in a 6-hour session from 8 a.m. to 2 p.m. EDT, the USMS have…

Former U.S. Secret Service and Silk Road Task Force agent Shaun Bridges was sentenced 71 months in jail for money laundering, obstruction of justice and fraud. In addition to his sentence, US District Judge Richard Seeborg asked the court to…

On November 2, 2015, the U.S. Marshal Service concluded the final auction of bitcoins seized from the Silk Road, an online marketplace situated on the deep web, where people could buy and sell items, including drugs and other illegal goods. The USMS’s…

The Silk Road scandal has been analysed hundreds of times by advocates of internet privacy, but also by lawyers, crypto-experts and last but not least, the bitcoin community. An unsealed transcript reveals Judge Katherine Forrest’s thinking before sentencing Ross Ulbricht,…

According to an announcement released on October 5th, interested bidders have been given two weeks notice until registration begins for the final auction of seized Silk Road bitcoins, with upwards of 40,000 BTC up for grabs. The notice states, “The…

K2 Intelligence has recently announced the addition of two senior executives, Dana Syracuse and Vincent D’Agostino. A leader in the industry, K2 Intelligence offers investigative, compliance, and cyber defense services to governments, companies, boards, and individuals. Dana V. Syracuse, former…