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CAHEK

10-02-2013 10:52 AM

BitCoin Plunges Following US Government Seizure

Earlier today, one of the most popular websites that use and promote the use of BitCoin, Silk Road, was shut down by the US government. As Reuters reports, U.S. law enforcement authorities raided an Internet site that served as a marketplace for illegal drugs, including heroin and cocaine, and arrested its owner, the Federal Bureau of Investigation said on Wednesday. The FBI arrested Ross William Ulbricht, known as "Dread Pirate Roberts," in San Francisco on Tuesday, according to court filings. Federal prosecutors charged Ulbricht with one count each of narcotics trafficking conspiracy, computer hacking conspiracy and money laundering conspiracy, according to a court filing. Anyone visiting the site would be greeted with the following "game over" screen.

Where is Franck ?

nexcom28

10-02-2013 10:54 AM

Just read this and spotted the pattern. If the feds 'destroy' the 3 million in seized bitcoin it should help the price though.

2012	10-02-2013 10:57 AM

http://www.listentobitcoin.com/

fris	10-02-2013 12:16 PM

wasnt as much to do with boitcoin as much as it was for people paying for hitmen ;)

AsianDivaGirlsWebDude

10-02-2013 12:17 PM

http://pursuitmag.com/wp-content/upl...-Silk-Road.png

http://www.littlevisuals.com/bitcoin-owners.png

http://hackadaycom.files.wordpress.c...ure-notice.jpg

Quote:

The complaint alleges that not only did Ulbricht manage and maintain a site that facilitated more than $1.2 billion worth of mostly illegal transactions in its two-and-a-half years of operation, he also solicited a hitman to murder someone who was threatening to reveal the names of several thousand Silk Road users (While Ulbricht apparently paid the assassin, the FBI can find no evidence that the hit ever took place).

The feds caught Ulbricht?s scent after Canadian authorities randomly intercepted a package of fake IDs that was en route to Ulbricht?s San Francisco address. From there, they were able to accumulate enough circumstantial evidence to convince them that Ulbricht was Dread Pirate Roberts.

:stoned

ADG

baddog

10-02-2013 12:38 PM

Who could have seen that coming?

JockoHomo

10-02-2013 12:41 PM

Sounds like a leaked script of an episode of Breaking Bad that was never produced!

marlboroack

10-02-2013 03:09 PM

I knew it

NaughtyRob

10-02-2013 03:10 PM

Everyone knew it would happen. No surprise.

adultmobile

10-02-2013 03:38 PM

For the moment is just -10%. Perhaps not everyone know the news yet.

http://bitcoinity.org/markets/image?span=7d&size=medium

seeandsee

10-02-2013 03:40 PM

Lol shitcoins are going down!

you fucking gamblers...

Forest

10-02-2013 05:40 PM

http://money.cnn.com/2013/10/02/tech...own/index.html

Over the past two and a half years, the FBI said the site generated revenue worth more than 9.5 million bitcoins -- valued at $1.3 billion early Wednesday.

The FBI said Ulbricht's net worth was essentially his value in Silk Road's commissions, which totaled more than 600,000 bitcoins ($85 million).

damn

AllAboutCams

10-02-2013 05:51 PM

Dont forget about litecoin

jscott

10-02-2013 06:20 PM

Quite a nice recovery, on the BTC price :thumbsup:

The Silk Road only made Bitcoins look worse, so it's a good thing for BTC imho, for the long run :thumbsup:

tokmansta

10-02-2013 08:02 PM

Quote:

Originally Posted by adultmobile (Post 19820465)

For the moment is just -10%. Perhaps not everyone know the news yet.

http://bitcoinity.org/markets/image?span=7d&size=medium

Did you get that from mtgox or bitstamp?

$5 submissions

10-02-2013 09:18 PM

Quote:

Originally Posted by baddog (Post 19820221)

Who could have seen that coming?

yep :Oh crap

ilnjscb

10-03-2013 01:02 AM

Who could have thought that all the people who got together in a group to self identify as law evaders would draw the attention of the FBI? I'm shocked, Shocked!

JFK	10-03-2013 01:59 AM

Quote:

Originally Posted by JockoHomo (Post 19820223)

Sounds like a leaked script of an episode of Breaking Bad that was never produced!

:1orglaugh:thumbsup

adultmobile

10-03-2013 01:04 PM

weekly change is only -5% now... this shows how much bitcoin is used for things other than drugs.. for example gambling

$5 submissions

10-03-2013 08:52 PM

Quote:

Originally Posted by adultmobile (Post 19821708)

weekly change is only -5% now... this shows how much bitcoin is used for things other than drugs.. for example gambling

Do most online casinos take btc?

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