Spyware, viruses, & security forum: NEWS - October 03, 2013

by: Carol~ October 3, 2013 8:30 AM PDT

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NEWS - October 03, 2013

by Carol~ Moderator - 10/3/13 8:30 AM

Feds Take Down Online Fraud Bazaar 'Silk Road', Arrest Alleged Mastermind

Prosecutors in New York today said that federal agencies have taken over the Silk Road, a sprawling underground Web site that has earned infamy as the "eBay of drugs." On Tuesday, federal agents in San Francisco arrested the Silk Road's alleged mastermind. Prosecutors say 29-year-old Ross William Ulbricht, a.k.a "Dread Pirate Roberts" (DPR), will be charged with a range of criminal violations, including conspiracy to commit drug trafficking, and money laundering.

The Silk Road is an online black market that as late as last month was hosting nearly 13,000 sales listings for controlled substances, including marijuana, LSD, heroin, cocaine, methamphetamine and ecstasy. Much like eBay sellers, merchants on the Silk Road are evaluated by previous buyers, who are encouraged to leave feedback about the quality of the seller's goods and services. [Screenshot]

The Silk Road is not available via the regular Internet. Rather, it is only reachable via the Tor network, an anonymity network that bounces its users communications across a distributed network of relays run by volunteers all around the world.

Continued: http://krebsonsecurity.com/2013/10/feds-take-down-online-fraud-bazaar-silk-road-arrest-alleged-mastermind/

Also:
FBI: Silk Road mastermind couldn't even keep himself anonymous online
FBI Takes Down Billion-Dollar Silk Road Online Drug and Hacking Marketplace
Silk Road closed down by the FBI, alleged founder identified and arrested

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