Silk Road Shut Down: FBI Raid on Illegal Drug Marketplace Leads to Arrest, Bitcoin Seizure

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U.S. law enforcement authorities raided and have have shut down the online drug and criminal activity marketplace Silk Road, according to reports.

The FBI arrested Silk Road owner Ross William Ulbricht, 29, also known as "Dread Pirate Roberts," in California on Tuesday, court filings indicate.

Silk Road Grab

Federal prosecutors in New York charged Ulbricht with narcotics trafficking conspiracy, computer hacking conspiracy and money laundering conspiracy.

"Silk Road has emerged as the most sophisticated and extensive criminal marketplace on the Internet today," FBI agent Christopher Tarbell said.

According to Tarbell, the site was used by "several thousand drug dealers" to buy and sell "hundreds of kilograms of illegal drugs" among other items.

The site, which had operated since early 2011, also offered tutorials on hacking ATM machines, contact lists for black market connections and counterfeiters.

There were even guns and hit men for sale, according to the charges.

Authorities also seized $3.6 million worth of digital currency Bitcoin, which was used instead of cash or credit cards to complete transactions on Silk Road.

The charges against Ulbricht said his website generated sales of more than 9.5 million Bitcoins, roughly equivalent to $1.2 billion, since its inception.

The raid on Wednesday was not the first time the U.S. government has made arrests related to Silk Road, but it is the first to shut down the website.

Earlier this year, authorities in South Carolina arrested Eric Daniel Hughes, who used Silk Road under the name Casey Jones, for drug possession.

The Drug Enforcement Agency seized units of the digital currency Bitcoin, which Hughes allegedly used to purchase drugs from the online market.

Bitcoins, which have been around since 2008, first came under scrutiny in 2011 after media reports surfaced linking the digital currency to Silk Road.

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Everything that the FBI did was wrong. The items being sold which were almost 100% drugs are something that the government should have no business with. It should never be up to a government of free people to tell you what you can and cannot put in your body. It should also be of no concern to the government what two adults choose to sell and buy from one another. These are victimless "crimes". Crimes that were created by the government and have no place in a free society. People have been brainwashed for so many generations now that the government has to wage war on drugs that they don't even realize that it is unconstitutional and wrong. Remember how prohibition didn't work? Remember how outlawing alcohol made an illegal underground (the Mafia) that never would have had the power it did without making alcohol illegal? The same thing happened to drugs. That's why we have the gang problems we do now. And the drugs are illegal so they are expensive which means people have to steal to get the money for them. This "war on drugs" has caused so many problems in the US. We have 2.6 million people in jail and more than half are there for victimless drug crimes. We have more people in jail in the US than any other nation by far. Even more than other nations combined. END THE WAR ON DRUGS AND THE DAMAGE TO THE USA THAT IT DOES. Google "LEAP" (law enforcement against prohibition) to see what real police have to say about it.

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PEOPLE : THE LOWLY PUBLIC SERVANTS WHOM ARE WAGING WAR ON OUR PEOPLE OF COURSE HAVE NO POWER TO DDO ANYTHING ABOUT ANYTHING U CHOSE TO POSSESS AND USE !!! U ARE SOVEREIGN , AND FREE !!! THAT
S WHAT FREE MEANS !!!! NOBODY TO TELL U WHAT U CAN AND C'AN'T HAVE ... CAN'T OR CAN DDDDDDO !!!!THE FBI IS A TERRORIST ORG THAT HAS MURDERED OUR POPLE WRONGFULLY ON MORE THAN ONE OCCASION !!!! TIME TO GROW UP - STAND UP !!

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