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The Hacker News - Cybersecurity News and Analysis: Ross Ulbricht

Corrupt Federal Agent charged in Silk Road theft accused of stealing another $700,000

Corrupt Federal Agent charged in Silk Road theft accused of stealing another $700,000

July 04, 2016Swati Khandelwal
A former United States undercover agent who stole hundreds of thousands of dollars worth of Bitcoins during an investigation into the underground drug marketplace Silk Road is now suspected of stealing even more of the cryptocurrency from two other cases. Shaun Bridges is one of two former US agents who pleaded guilty last year and was sentenced in December to almost six years in prison for stealing over $800,000 in Bitcoin while investigating the Darknet marketplace. Bridges and his partner stole money from Silk Road accounts and framed someone else for it, which lead the Silk Road chief Ross Ulbricht to plan a murder. Ulbricht is now serving life in prison sentence . Ulbricht was convicted in February 2015 of running the underground black market . According to court filings unsealed on Thursday, Bridges is believed to have stolen additional funds from a Secret Service account on two different occasions months after he was initially charged. Bridges and 46-year-old fo
Variety Jones, A Senior Adviser to ‪Silk Road‬ arrested in Thailand

Variety Jones, A Senior Adviser to ‪Silk Road‬ arrested in Thailand

December 04, 2015Swati Khandelwal
The man accused of being "a senior advisor" and mentor of Ross Ulbricht , the convicted operator of the illegal drug marketplace Silk Road , has been arrested in Thailand and charged with conspiring to traffic drugs and money laundering. The US Department of Justice (DoJ) announced on Friday that Roger Thomas Clark , 54, is accused of being " Variety Jones ," who was a close confidante of Ulbricht's who: Advised Ulbricht on all aspects of Silk Road's operations Helped Ulbricht grow the notorious website into an extensive criminal enterprise Clark was arrested Thursday in Thailand and is now awaiting extradition to face United States charges of: Narcotics Trafficking Conspiracy – carries a maximum sentence of life in prison. Money Laundering Conspiracy – carries a maximum sentence of 20 years in prison. Life in Prison If convicted, Clark faces at least 10 years and as long as life in prison, according to a statement from Manhattan U.S. Attorney Preet
Silk Road Mastermind Ross Ulbricht Sentenced To Life In Prison

Silk Road Mastermind Ross Ulbricht Sentenced To Life In Prison

May 29, 2015Mohit Kumar
Ross Ulbricht , the alleged founder and mastermind of the infamous online black marketplace Silk Road, has been sentenced to life in prison after being found guilty of narcotics conspiracy, money laundering and other criminal charges. This means the 31-year-old San Francisco man will die behind bars . With all the seven charges stemming from the creation and operation of the once the Internet's largest online illegal-drug marketplace, Ulbricht was facing 20 years at a minimum sentence, but making life in prison is the harshest possible sentence. Ulbricht's Life in Prison without any possibility of Parole: The sentence was made by Judge Katherine B. Forrest in a Federal District Court in Manhattan, though Forrest admitted it was a "very, very difficult" call to make , leaving Ulbricht without any hope of parole. Operating online as " Dread Pirate Roberts ," Ulbricht ran the $1.2 billion Empire from the year 2011 to 2013, armed just
Deep Web Drug Market Disappeared suddenly Overnight, $12 Million in Bitcoin Missing

Deep Web Drug Market Disappeared suddenly Overnight, $12 Million in Bitcoin Missing

March 18, 2015Mohit Kumar
Evolution -- The largest Deep Web drugs marketplace, disappeared suddenly overnight from the Internet. But unlike Silk Road, there is no indication that the law enforcement took down the Evolution marketplace. The Darknet's most popular markets for drugs and bespoke carjacking services is mysteriously offline Wednesday with rumours circulating over the Internet that its own administrators may have just scammed its huge user base and stole $12 Millions in Bitcoin. The Evolution black marketplace opened in January 2014, and gained popularity after the shutdown of Silk ​Road and arrest of its unassuming founder, Ross U​lbricht , with a promise of less fraud. Like Silk Road , Evolution also dealt in drugs, as well as illegal weapons, counterfeit goods, stolen credit cards and guides to committing fraud. Evolution was only accessible through anonymity Tor network. At the time of its apparent vanish, Evolution was home to nearly 20,000 drug sales, far more than Silk Road
Silk Road founder Ross Ulbricht Convicted of All 7 Charges; Faces Life In Prison

Silk Road founder Ross Ulbricht Convicted of All 7 Charges; Faces Life In Prison

February 04, 2015Wang Wei
A jury has found Silk Road founder Ross Ulbricht  a.k.a Dread Pirate Roberts  guilty on all seven counts and faces Life In Prison for running an underground black market i.e.  Silk Road . Ross Ulbricht, a San Francisco 30-year-old web developer was arrested by FBI in a sting operation in October 2013 accusing him of being the criminal mastermind running Silk Road, where hundreds of millions of dollars in illegal goods were traded. Ross Ulbricht had claimed that he had built Silk Road, but he was not the site's notorious ringleader " Dread Pirate Roberts. " The trial went on for just over three weeks and today the jury of six men and six women charged Ross Ulbricht with seven counts including money laundering, drug trafficking and computer hacking among other things. " The supposed anonymity of the dark web is not a protective shield from arrest and prosecution ," according to Manhattan U.S. Attorney Preet Bharara in a statement after the verdict. Prose
FBI Seized 144,000 Bitcoins worth $28.5 Million From Silk Road Bust

FBI Seized 144,000 Bitcoins worth $28.5 Million From Silk Road Bust

October 27, 2013Wang Wei
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
Silk Road : 8 more suspected users arrested in US, UK, Sweden

Silk Road : 8 more suspected users arrested in US, UK, Sweden

October 10, 2013Wang Wei
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
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