Silk Road | Breaking Cybersecurity News | The Hacker News

Sheep Marketplace , one of the leading anonymous websites, after Silk Road 's closure by U.S. Prosecutors, allegedly selling drugs, has gone offline claiming it was robbed of $6 million worth of Bitcoins . Like Silk Road , Sheep Marketplace was a Deep Web site accessible via the Tor network and quickly grew into a replacement of other popular underground Bazaars. Weeks ago, the Administrator of the Sheep Marketplace announced that withdrawals  from online Wallet would be closed for a few hours as a new feature was being implemented, however deposits were still allowed. Recently, The market's administration left a short message for users, which reads: We are sorry to say, but we were robbed on Saturday 11/21/2013 by vendor EBOOK101. This vendor found a bug in the system and stole 5400 BTC – your money, our provisions, all was stolen. We were trying to resolve this problem, but we were not successful. We are sorry for your problems and inconvenience, all of the current BTC will be di

Two most important moments in the history of Bitcoin are : Its creation by Satoshi Nakamoto , and the burst of The Silk Road's Founder  Ross William Ulbricht . The silk Road's black market was a Bitcoin economy. According to a report published by two Israeli computer scientists,  Ross William Ulbricht , aka Dread Pirate Roberts , may be financially linked to Satoshi Nakamoto. Even if the Bitcoin buyers and sellers remained anonymous, but the transactions themselves are public, So the scientists were able to trace the interactions. The Scientists, Ron and Shamir were exploring the connection between the operator of Silk Road who was recently arrested by the FBI for running the Internet blackmarket Silk Road and the entity that invented the bitcoin. The bitcoin network was established in 2008 and it has been popularly believed that the first accounts in the early days of the bitcoin were of Satoshi Nakamoto , accumulated some 77,600 BTC as a result of 'mining' Bitcoins

The introduction of Open AI's ChatGPT was a defining moment for the software industry, touching off a GenAI race with its November 2022 release. SaaS vendors are now rushing to upgrade tools with enhanced productivity capabilities that are driven by generative AI. Among a wide range of uses, GenAI tools make it easier for developers to build software, assist sales teams in mundane email writing, help marketers produce unique content at low cost, and enable teams and creatives to brainstorm new ideas.  Recent significant GenAI product launches include Microsoft 365 Copilot, GitHub Copilot, and Salesforce Einstein GPT. Notably, these GenAI tools from leading SaaS providers are paid enhancements, a clear sign that no SaaS provider will want to miss out on cashing in on the GenAI transformation. Google will soon launch its SGE "Search Generative Experience" platform for premium AI-generated summaries rather than a list of websites.  At this pace, it's just a matter of a short time befo

The world's favorite crypto-currency has made rounds in the headlines this week. The FBI had managed to seize 144,000 Bitcoins  worth some $28.5 million at current exchange rates from Silk Road's founder, that's the largest ever seizure of the cryptocurrency . Bitcoin is an open-source, decentralised, digital currency, whose production is designed to simulate the mining of a commodity, like gold. These Bitcoins belonged to Ross Ulbricht , the 29-year-old who allegedly created and managed the Silk Road , the popular anonymous drug-selling site. In March, 7000 of 10,000 items on Silk Road were drugs. Earlier this month Ulbricht was arrested and the website was taken offline by the Department of Justice and charged with engaging in a drug trafficking and money laundering conspiracy as well as computer hacking and attempted murder-for-hire. The Bitcoin address now known as DPR Seized Coins finished receiving the mass of cryptocurrency and Authorities are also

Authorities in Britain, Sweden, and the United States have arrested eight more people in the wake of the shutdown of the Silk Road , online illegal drug marketplace which helped dealers sell drugs under the cloak of anonymity. Millions of Dollars worth of Bitcoins (Electronic currency) had been seized and that other online drug dealer should expect a knock on their door by the National Crime Agency. The other suspects were arrested within hours after the FBI arrested 29-year-old Ross Ulbricht , the suspected creator of Silk Road also known as " Dread Pirate Roberts ". Although, he denies charges that he operated the website. Ulbricht is separately accused in a federal indictment in U.S. District Court in Baltimore with a similar count of narcotics trafficking conspiracy and additional charges of soliciting an $80,000 murder-for-hire of a former Silk Road employee. A federal judge on Wednesday ordered that Ulbricht charged with operating a notorious online drug marketplac

Ross Ulbricht , the recently arrested mastermind behind Silk Road , appeared in court yesterday where his lawyer begged for more time before the detention hearing. As the Protective Order states, The United States is further authorized to seize any and all Bitcoins contained in wallet files residing on silk road servers and can transfer the full account balance in each silk road wallet to a public Bitcoin address controlled by the United States. Right now the FBI must be feeling pretty good too, because a federally controlled Bitcoin account , renamed as " Silkroad Seized Coins " now contains over $3.5 million worth of the digital currency , seized from Silk Road over 26,000 Bitcoins. As of this writing, the FBI 's Bitcoin address has received 122 transactions, nearly 30 of which apparently come from pranksters and now the account holds 27,365.89919925 BTC. Forbes, Kashmir Hill asked FBI spokesperson that what the plan is for those seized Bitcoins. " W

The FBI had seized a website called ' Silk Road ', that was considered one of the most popular Underground places on the Internet for buying drugs and other illicit goods and services. They arrested the site's alleged founder,  Ross William Ulbricht, known as " Dread Pirate Roberts ," in San Francisco, who reportedly had  26,000 Bitcoins worth $3.6 million. The FBI used information from Comcast in the investigation and collaborated with US Customs and Border Patrol, the Internal Revenue Service, the Drug Enforcement Administration, and the Department of Homeland Security. Ross Ulbricht Ross William Ulbricht, a 29-year-old graduate of the University of Pennsylvania School of Materials Science and Engineering  charged with one count each of narcotics trafficking conspiracy, computer hacking conspiracy and money laundering conspiracy, according to the filing. ' Silk Road '  website, which had operated since early 2011, also offered tut

The Deep Web (or Invisible web) is the set of information resources on the World Wide Web not reported by normal search engines. According several researches the principal search engines index only a small portion of the overall web content, the remaining part is unknown to the majority of web users. What do you think if you were told that under our feet, there is a world larger than ours and much more crowded? We will literally be shocked, and this is the reaction of those individual who can understand the existence of the Deep Web , a network of interconnected systems, are not indexed, having a size hundreds of times higher than the current web, around 500 times. Very exhaustive is the definition provided by the founder of BrightPlanet, Mike Bergman, that compared searching on the Internet today to dragging a net across the surface of the ocean: a great deal may be caught in the net, but there is a wealth of information that is deep and therefore missed. Ordinary