FBI arrests Silk Road drugs site suspect

For those that don't know - Silk Road is (or was) a hidden site on the Tor network that was mainly used for a place where anonymous users could sell + buy drugs. Basically like a darkside of Amazon.com

News article on it - http://www.bbc.co.uk/news/technology-24373759

Thoughts? I'm a little pissed personally...

UPDATE - SR has been brought back it seems. I can't link it here but if you look around Google you can find links to it.

 

Saw this 10min ago. Had an order and lost $30

 

I have heard of the site but have never made any purchases and never had any thought of making a purchase so this doesn't particularly effect me. No concern here.

How does one entity "seize" $3,200,000 in bit coins? I thought people used them because they were nearly untraceable and nearly impossible to take back or seize?

 

They seized them from what people had in their wallets. I lost $70 worth.

 

"nearly impossible to trace"

They obviously found + raided his house or whatever. They have access to the SR domain + server now so they (the FBI) have access to all the BTC wallets on there too.

 

That's the risk you have to take, it was gonna happen sooner or later

 

http://preev.com/btc/gbp

BTC is dropping like mad. Was £80 per BTC 30 mins ago.

 

Like Roary said if I am sad I lost btc and my last order showed up today. Then again id rather lose money then go to prison.

 

Quite frankly if the police (FBI) stop a site where drugs are being sold and people have the ability to hire assassins, then I'm all for shutting the site down and seizing everything.

 

SR was nothing to do with hiring assassins out on people. It was mainly drugs. And even then people have the right to do whatever they want to their bodies.

 

So you deposit money onto your account on their website pretty much?

Not familiar with this bit-coin shenanigans.

Can they track prior purchases and potentially go after the customers?

 

Eh that's a lot to go into.

Yes you deposit BTC onto a wallet on your account on their site.

They can't track prior purchases, but addresses and all data 'should' be encrypted. However anything is crackable, if anyone has entered their address on there or anything in the past I'd advise clearing out anything illegal in the house and maybe DBAN your hard drive(s).

 

The site owner hired an assassin to kill someone who was black mailing him. That would be SR involved.
People don't have the right to kill others...

 

Link? Never knew about that.
And I was on about drugs in general, nowhere near anything related to Assassins / killing.

 

Did the black mailer get killed?

And was it hired through the website or did he go to outside sources to hire the hitman?

 

http://www.forbes.com/sites/andygre...sted-buying-drugs-on-silk-roads-black-market/

Read that article. Shows you how 'safe' these markets are.

 

That's why you use a bitcoin 'tumbler'. Thing is most people don't use these and therefore there is a trail left behind.

 

The link you posted in your origional post.

 

so there are ways to cover your tracks, but most people don't?

So bitcoin is really just a way to temporarily delay authorities from finding your addresses?

a clever system.

how did the FBI identify the owner though?

 

Read up about it - http://bitcoin.org/en/

It can stop the authorities finding you altogether if you know what you're doing.