Feds Shut Down Silk Road, Arrests Mastermind

Posted: Oct 3 2013, 2:25am CDT | by , Updated: Oct 3 2013, 3:15am CDT, in News | Technology News

 
Feds Shut Down Silk Road

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Federal agencies have shut down the online drugs marketplace called “Silk Road”. Alleged mastermind of the pirate site, Ross William Ulbricht, has also been arrested on Tuesday in San Francisco.

Federal agencies crack down on online drug market of “Silk Road” notoriously known as “eBay of drugs.” FBI not only shuts down the pirate website but also arrested its mastermind on Tuesday.

A young man Ross William Ulbricht of age 29 was caught on this Tuesday in San Francisco. He was also known as “Dread Pirate Roberts” (DPR) in the online black market of drugs. He is charged with drug trafficking, hacking and money laundering.

Silk Road was hosting almost 13,000 sales listings until last month. These sales listings for controlled substances include marijuana, LSD, heroin, cocaine, methamphetamine and ecstasy. Silk Road acts like eBay for sellers and merchants. Previous buyers evaluate the sellers and merchants just like on eBay.

Silk Road is not a regular website and you cannot access it using regular internet connection. It is basically a Tor website and it is available only via Tor network. But the website is not available now as "the feds replaced the Silk Road’s home page with a message saying that the site had been seized by the FBI, Homeland Security Department and the Drug Enforcement Administration," according to KrebsonSecurity.

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