John Lister's picture

US Government to Auction Virtual Currency

US Marshals are to auction off almost 30,000 Bitcoins, a controversial "virtual currency." The coins have a current market value of around $18 million dollars. The government confiscated the virtual currency when it raided an underground online ... trading site named Silk Road. Silk Road was not part of the ordinary World Wide Web, and could only be accessed using special web browser software. That made it extremely difficult to trace anyone using the site and their activity. The site was well known in the digital underground community for buying and selling services of both a legal and ... (view more)

Dennis Faas's picture

FBI Shuts Down Billion-Dollar Online Drug Market

The Federal Bureau of Investigation has arrested and charged a man accused of running a notorious Internet "underground market" that let users trade illegal drugs and weapons. The "Silk Road" site combined a range of technologies to offer users ... greater secrecy. The site was part of the so-called "dark Internet": the collection of sites that were part of the Internet but were not reachable through ordinary links. Users could only visit the site by using software known as TOR, or The Onion Router. The name came from the way that data sent through the software was redirected through thousands of ... (view more)

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