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Silk Road Founder Arrested While Bitcoins Plummet

lundi, février 24th, 2020

Silk Road Founder Arrested While Bitcoins Plummet

Bitcoins are in the news, between the shut down of Silk Road,a plummet in exchange rates, and a new live-streaming site.

It’s been quite a week for Bitcoins into the news; a triple whammy, actually.

First, there was the arrest by the FBI of Silk path’s founder known online only by his handle ‘Dread Pirate Roberts’, but apparently understood to the feds just a little more intimately as Ross William Ulbricht- while the seizure and power down of the Silk Road site itself. Silk Road was an exclusively Bitcoin site that is gambling well-known to many as an open marketplace for illegal drugs and much more; the web site’s just below a million registered users were frequently money launderers, based on the arrest warrant.

‘Based on my training and experience, Silk Road has emerged as the most sophisticated and extensive marketplace that is criminal the net today,’ FBI Special Agent Christopher Tarbell noted into the complaint. Tarbell added that within the past 2 1/2 years, Silk path generated some $1.3 billion worth of comparable Bitcoin trades and netted $85 million in commissions for itself, often for things as macabre as hiring hitmen, searching for computer hackers or purchasing weapons that are illegal.

Major Rate Volatility Ensues

Meanwhile just a few times following the shut down of the web site by the feds and the arrest of Ulbricht Bitcoins by themselves went through some Cat-5 volatility, whenever rates for the curr (suite…)