Silk Road News

The now closed Silk Road website, an online black market, was known as the eBay or Amazon of drugs by its users. It famously ran as a Tor hidden service and accessed via an ‘onion’ address to help keep users anonymous. Silk Road was shut down in October 2013 with Ross Ulbricht alleged to be the founder. CoinDesk took an in-depth look at the Silk Road story, one year after it’s shut down.

Judges Shoot Down Silk Road Operator’s Appeal Bid

| Stan Higgins

Ross Ulbricht, who was sentenced to life in prison in 2015 for operating the now-defunct dark market Silk Road, has lost his appeal.

silk road, desert

Silk Road Goes Dark: Bitcoin Survives Its Biggest Market’s Demise

| Marco Santori

In CoinDesk's "Bitcoin Milestones" series, attorney Marco Santori recalls the heyday of Silk Road, its sudden downfall and its legacy for bitcoin.


Ernst & Young to Sell $12 Million in Bitcoin at Auction

| Pete Rizzo

Ernst & Young has announced it will auction $12.9m worth of bitcoin confiscated from a former Silk Road user.

Web crime

US Prosecutors Believe Ex-Secret Service Agent Stole More Bitcoin from Silk Road

| Stan Higgins

The US government now believes a corrupt Secret Service agent may have stolen additional bitcoins during the Silk Road investigation.

Corrupt Silk Road Agent Arrested in Alleged Attempt to Flee Country

| Stan Higgins

A former Secret Service agent who pled guilty to crimes committed while investigating Silk Road has been arrested again.

gavel, court

US Prosecutors Unseal Charges Against Alleged Silk Road Advisor

| Stan Higgins

The US government has unsealed charges against a former high-ranking employee of the Silk Road, the now-defunct dark market.

auction, gavel

Genesis Trading, Binary Financial to Bid in Final Silk Road Bitcoin Auction

| Pete Rizzo

Digital Currency Group's Genesis Trading and bitcoin hedge fund Binary Financial are set to participate in a government auction of bitcoin this week.

prison bars

Rogue Silk Road Agent Carl Force Jailed for 78 Months

| Stan Higgins

Carl Force, a corrupt federal agent who worked undercover at bitcoin-accepting drug marketplace Silk Road, was sentenced to 78 months in prison today.

court room

Prosecutors Seek 7-Year Sentence for Corrupt Silk Road DEA Agent

| Stan Higgins

An ex-DEA agent who went rogue during the Silk Road investigation faces sentencing this Monday.

us marshals service bitcoin

US Government to Sell 44,000 BTC in Final Silk Road Auction

| Pete Rizzo

The US Marshals Service (USMS) has announced it will sell 44,341 BTC (worth approximately $10.6m at press time) in an online auction due to takeā€¦