News Updates

Recapping the week’s biggest Bitcoins stories from around the web. The “Silk Road saga” is over, the founder of illegal online market Silk Road has been sentenced to life in prison without parole. US District Judge Katherine Forrest was not convinced that Silk Road was created “out of youthful naïveté.” On the top of the prison sentence, Ulbricht has to ... Read More »

Without getting into too much details – a market was responsible to at least some if not most of the DDosing of the past 2 weeks, luckily the ddoser account got hacked by another market admin who was extorted by him (TRD), and all communication documented – its pretty much self explanatory, added some comments: * Need to point out ... Read More »

The Silk road saga came to an end when Ross Ulbricht, the convicted founder of Silk Road, has been sentenced to life in prison for running the underground online drug bazaar Silk Road (1), signaling the government’s seriousness in combating Dark net markets. Before the sentencing the parents of the victims of drug overdoses addressed the court. Ulbricht broke down ... Read More »

A Dutch man described by the U.S. as the biggest drug dealer on Silk Road was ordered to serve 10 years in prison a day before the convicted mastermind of the illegal online marketplace is set to learn his fate. Cornelis Jan Slomp, 23, a software developer who used the moniker “SuperTrips” and sold cocaine, Ecstasy and LSD, was sentenced ... Read More »

As it was published in Justice.gov: A Louisiana man was charged in a two-count information with conspiracy to commit wire fraud and conspiracy to commit trademark counterfeiting using the “Silk Road” online marketplace, announced Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division and U.S. Attorney Kenneth Polite Jr. of the Eastern District of Louisiana. “Anonymous online ... Read More »

In terms of dullness and inactivity, bitcoin price action this week was markedly better than last week. After Tuesday’s dip down to $229 to test weak hands (longs) and trigger stop losses, prices have been went up for a while, peaking at $243 on Sunday. Since then, declines over the past 2 days, seemingly resemble what happened 2 weeks ago ... Read More »

Not long we reported about a new market selling Zero day exploits, and it seems that exploits are becoming more common than ever on the deepweb. Recently a new site was launched and started offering free creation of ransomware – in exchange for 30% of the BTC profits made from ransoms. According to the site itself (toxicola7qwv37qj.onion): What is Tox? ... Read More »

Great news regarding Peter Nash one of the 3 arrested moderators of Silk road – according to to smh.com.au: An Australian man who moderated the discussion forums on the underground drug website Silk Road was sentenced to time served on Tuesday after already being in custody for 17 months. Peter Nash, 42, dropped his head into his hands as US District ... Read More »

The Senate was busy on Friday in a session that ran late into the night ultimately failing to come up with a solution to the June 1st expatriation date of section 215 of the Patriot Act. The session ran into the early morning where all attempts to extend fell short. The USA Freedom act, which we covered here, narrowly failed ... Read More »

Update: The exit scam is now confirmed. So, BlackBank market, one of the 3 current leading markets has been down for the past week or so for “security maintenance” (Does implementing a tumbler ring any sheep bells?) The most recent news posted on Blackbanks’ sub Reddit by blackbank_team, one of the market support staffer, seems to indicate that the admin, ... Read More »