Nov 05, · News today is reporting that bitcoin worth just shy of $1 billion, believed belonging to Silk Road and dormant since Ross Ulbricht’s arrest in , has just moved address. (As an aside, the transaction cost $12 in fees). Nov 05, · Two days ago, about $1 billion worth of bitcoin that had sat dormant since the seizure of the Silk Road marketplace in , one of the biggest underground drug websites on the . Nov 05, · The complaint further alleged that while in operation, Silk Road was used by thousands of drug dealers and other unlawful vendors to distribute hundreds of kilograms of illegal drugs as well as other unlawful goods and services to well over , buyers, and to launder hundreds of millions of dollars derived from these unlawful transactions.
Bitcoin silk road operationDOJ says it seized over $1 billion in bitcoin from the Silk Road drugs marketplace – TechCrunch
Although Silk Road was unprecedented in its design and scope, it was far from the first online drugs market.
Long before an accessible dark web, people were buying and selling drugs through chat rooms and Usenet forums, using code words and arranging clandestine meetings to exchange goods for cash. The millennial generation likes to believe they led the way in online black markets, but there were many people involved in online drug sales while they were still in primary school.
There were sites on the clear web that skirted legalities by positioning themselves as informational sites, which did not blatantly make drug sales, but brought like-minded folk together. One in particular, overgrow. It was home to a massive collection of articles, pictures and information on cannabis cultivation, with in-depth FAQs about nearly every cannabis strain.
Plural of Mongoose—or PoM, or simply Mongoose—delighted in causing havoc. When two key individuals of the UK seed biz, Richard Baghdadlian and Marc Emery, were busted by Canadian authorities, Mongoose took it upon himself to publish a series of posts detailing the busts from inside the circle of those involved.
He hurled wild accusations at a number of vendors, breeders and other members of Overgrow, and accused Baghdadlian of working with authorities. In April Mongoose got into a dispute with another supplier and former business partner, Gypsy Nirvana. All of this played out on the internet forums that Mongoose and Gypsy frequented.
During one tirade, Mongoose mentioned visiting a good friend in England called Variety Jones. If I started getting too big for my britches, I could always count on him to take me to task. Mongoose spent some time in prison before returning to the seed biz, but lay low until a new forum emerged, where he could once again get in behind the scenes and manipulate those involved.
He assumed the name of his former mentor Variety Jones and took to playing a similar role to the young Dread Pirate Roberts. The complaint sought to charge Clark with conspiracy to traffic narcotics and conspiracy to commit money laundering in relation to activities on Silk Road.
VJ, the complaint alleged, was a senior adviser to Dread Pirate Roberts, the owner and operator of online illicit black market Silk Road. Variety Jones was more of a counsellor or consultant than staff. There were several large payments to him on the Silk Road spreadsheets, but these tended to coincide with payments for specific events. On 29 May , Ross Ulbricht was sentenced to two life terms in prison, without possibility of parole.
Variety Jones had promised him, if it ever came to this, he would do whatever was necessary to break him out. People began to muse whether he would really come roaring in with a helicopter to save his young genius boss. Once his name hit the mainstream media, and he realised that the American authorities were serious about bringing him in on myriad drug running, money laundering and hacking charges, Mongoose decided to go public.
Roger Thomas Clark was indeed living in Thailand, enjoying the good life. He was invited to most of the parties of the ex-pats because he always had the very best weed. He was socially awkward and somewhat annoying, according to one local source, and it was only the steady supply of quality drugs that kept getting him invited back.
He asked an officer whether they were looking for him. The two proceeded to have a drink. This was a serious conversation we were having, and called for serious drink. He had a way with words and a way of drawing out a tale, feeding off the responses and encouragement of others. He claimed he could not possibly be Variety Jones, because he was incarcerated during much of the requisite time.
The altered reality said nope, Mongoose was never in prison, it was all a ruse while he was in reality Architecting away at you know which project. He said that somebody contacted him; somebody who mattered a lot in the Silk Road investigation. Atlantis was a rival to Silk Road that had tried its best to gain market share but had never been successful in luring away customers from the incumbent giant. They had accusations of being a honeypot i. In the end, they shut down, still scorned.
He, apparently, had ignored them. Unfortunately, he did not have the passphrase to unlock the Bitcoin within. He did, however, have a plan. He figured, for whatever far-flung reason, that I could convince Ross to cough up the pass-phrase he needed. He also had a second theory, and that was that Ross only had half the pass-phrase, and I had the other half. Either way, I am critical to his plan. The corrupt officer, he claimed, fed him many such pieces of information. I mean weird, even for him.
He signed off one of his rants with: —cwt. This seemed to be a less-than-subtle attempt by Mongoose to imply that the corrupt cop was Christopher W Tarbell, the FBI special agent who headed the task force that brought down Silk Road and Ross Ulbricht. When Mongoose slipped out of the arrest, the story took a sinister, even hysterical turn.
He went fucking mental, and started going on about his backup plan. I had his bonafides by now, and knew him well enough to know he was serious about this.
In his attempt to turn himself in, Mongoose claimed he had written to Assistant US Attorney Serrin Turner on 9 May , having become aware of the sealed indictment against him. Turner that secret grand jury information, and the existence of a sealed indictment had been passed on to me by Diamond. I also touched on the fact that I was aware the authorities in SE Asia had been requested to detain me for extradition. He told Mr Turner he would cooperate and turn himself in. Mr Turner never responded.
So Mongoose doubled down on his efforts to figure out who Diamond might be. He was getting worried now. More Videos Traders keeping the faith in Bitcoins. CNN speaks to Trump supporters about Trump's election lies. Google employee on unionizing: Google can't fire us all. AstraZeneca vaccine provides 'logistical convenience'. Here's what the new stimulus package means for Americans. Covid relief bill extends aid to struggling Americans. Is working from home the new normal? Inside the decision that's still rattling the movie industry to its core.
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