Thursday, 15 November 2018

$5.2 Million in Cryptocurrency Seized in EU’s Largest LSD Raid

LONDON: The Deep Web or the “Darknet” gained a lot of notoriety back in 2013 when the United States FBI took down the Internet’s largest online black market and drug trafficking ring known as The Silk Road after an extended manhunt for the site’s libertarian creator, Ross William Ulbricht.

Ulbricht, better known by his deep web pseudonym, “Dread Pirate Roberts,” was charged with narcotics trafficking, computer hacking, and money laundering after his arrest at the Glen Park Branch Library in San Francisco on October 1, 2013. The FBI seized 144,336 Bitcoins during the Silk Road bust, which they auctioned for a meager $48 million.

Headlines about the Darknet dissipated shortly after the investigation, leaving people to assume that Darknet operations had either vanished entirely or become much smaller than they were during the Silk Road’s heyday.

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