Posts Tagged ‘darknet’

18 months after being arrested in Brisbane, Australian man Peter Philip Nash has been sentenced to time served by a United States judge. That means he is a free man.

Peter Nash.

Peter Nash, Silk Road’s SSBD

It must have been disappointing for the prosecution who asked for an extra 10-12 years to add to the 18 months he’s already spent inside. In that time he has been placed in protective custody, bashed by prison guards, extradited to the other side of the world, and separated from his family and friends.

His crime? He moderated an internet discussion forum. Now, for the first time, he tells his story

(more…)

Ross Ulbricht, who was convicted earlier this year of being Dread Pirate Roberts, owner of online drugs bazaar Silk Road, is due to be sentenced next Friday.

Australians were over-represented as customers of Silk Road (third largest user base by identified country according to FBI documents) and now it seems we will be over-represented at Ross Ulbricht’s sentencing hearing too. On both sides of the courtroom.

Image: news.com.au

Image: news.com.au

The prosecution is seeking to admit testimony of six families of Silk Road customers who died from drug overdoses or other complications whilst using drugs alleged to have come from Silk Road. Three of those victims – Preston Bridge, Jacob Lyon-Green and Scott Wilsdon – are Australians.

(more…)

Dr Fernando Caudevilla, better known to the darknet market users as DoctorX, has thrown his support behind Ross Ulbricht, convicted of being Silk Road’s Dread Pirate Roberts.  DoctorX has provided an affidavit in support of Silk Road and it’s owner.

Dr Fernando Caudevilla aka "DoctorX"

Dr Fernando Caudevilla aka “DoctorX”

(more…)

Given the readership of my blog has likely devoured the story of the awesomely-named Carl Mark Force IV and his colleague Detective Bridge (you couldn’t make these names up), I won’t rehash it here. Just want to share one of those “didn’t seem significant at the time” stories.

Alpacino told DPR stuff, who told somebody else, who told me...

Alpacino told DPR stuff, who told somebody else, who told me…

(more…)

For the first time since its original incarnation’s launch in January 2011, Silk Road has been knocked off as the dark market’s leader. It now comes in third.

According to Vault 43, Evolution has 15,851 listings, Agora 15,522 and Silk Road a mere 11,025 listings.

Screen Shot 2014-09-14 at 11.44.58 am

“While our staff is the largest and most experienced in the darknet, we understand that marketplace diversity is a very good thing for our community,” says current leader of Silk Road, Defcon. “We already have a massive target on our foreheads from international press coverage. We welcome competitors.”

(more…)

I owe much of this post to the work of Nicolas Christin, the researcher who previously provided the analysis of Silk Road’s income. He is much cleverer than me or you. Give him a follow on @nc2y

One of the most dramatic revelations to come out of the New York Criminal Complaint in relation to Ross Ulbricht, the alleged Dread Pirate Roberts, was that Silk Road had enjoyed a turnover of $1.2 billion since its inception 2½ years ago, which equated to a commission of $80 million for its owner.

This is how we have been reporting the FBI's claims

This is how we have been reporting the FBI’s claims

Actually, that’s not exactly what the document said. What it said was:

(more…)

“Atlantis admins shut down the site and ran away with the coins. It’s the truth.” – Cicero, Moderator of Atlantis Marketplace forum

Image: bitcoinexaminer.org.

Image: bitcoinexaminer.org.

A little under six months ago – not long after they opened shop – I conducted the first in-depth interview with online drug barons Loera and Vladimir, founders of Atlantis Marketplace.  The two were excited at the prospect of not only wrenching market share from incumbent black market giant Silk Road, but also bringing new business in and legitimising the online illicit drug market space.

Last week, Atlantis announced it was shutting down due to mysterious and unspecified “security concerns”.

The announcement, repeated on the Atlantis Facebook page, official forum, Reddit and Twitter, called it “terrible news” and the owners sounded truly contrite. They gave users a week to withdraw their crypto-currency, after which it would be donated to a “drug-related charity”.  That was the last anybody ever heard from anyone representing the administration of Atlantis.

(more…)