Feds Close Silk Road, Arrest Owner, Steal 26,000 Bitcoins

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On October. 2, U.S. law enforcement agencies turn off "Silk Road," an anonymous Internet marketplace on the Tor encrypted network. They arrested its alleged owner, Ross William Ulbricht, 29, in Sf on April. 1, and seized 26,000 bitcoins from him, home loan houses Bitcoin seizure in background. The bitcoins had a market value at period of $3.2 million.

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The extreme volatility on Wednesday cooled a associated with people off, prompting some to call Bitcoin a bubble prepared to burst, and caution everyone about taking it too seriously. However, the Large Times reported that advanced investors just like the Winklevoss twins invested in Bitcoin.

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For 2 . 5 years, the FBI already been hot upon the trail of finding the origin of Silk Road and finding the master mind behind this illegal drug selling website. The net worth of this website is centred on $85 squillion.

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