Ross Ulbricht can tell the sort of story that, if you were to hear it around the braai, you would say was utter nonsense. It was only a matter of time until the story of Silk Road was given the Hollywood treatment.
That moment when your mother finds out you ran a website trading in illicit substances worth more than $100 million. Not cool.
We all remember Silk Road, don’t we? That multi-million dollar website that illegally sold drugs using bitcoins? Yes, that one. So, the owner of said site, Ross Ulbricht, was caught and imprisoned. But what was on his laptop at the time he was caught?
The seizure of the hidden Silk Road website and arrest of the founder and head administrator, Ross Ulbricht may have precipitated the arrest of users of the site in Sweden, Britain, and the USA.
So the alleged founder of Silk Road, Ross Ulbricht, appeared in court today. If you still don’t know what Silk Road is, here’s everything you need to know. When the FBI shut his site down, they also seized all of its assets – a whole lot of Bitcoins – Bitcoins, which used to belong to the site’s users.
Silk Road, AKA the “eBay of drugs,” was a hidden internet site on the Tor network where you could buy drugs and hire hitmen, anonymously, with a simple double-click. The site was operating smoothly for years, turning its owner into a millionaire (and a killer) until he slipped up.