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Thursday, November 7, 2013

New Online Marketplace Selling Illegal Drugs

It did not take long for a replacement of the online illegal drug marketplace, “Silk Road,” to open up to users looking to “score.” The new online marketplace selling illegal drugs opened Wednesday under the same name as the one shut down by the Federal Bureau of Investigation (FBI), Reuters reports. Court papers indicated that the Silk Road had almost one million customers and $1.2 billion in sales.

Federal agents seized $35 million in profits from the former Silk Road according to court records. After Silk Road’s creator Ross Ulbricht's October 1st arrest, the FBI seized $29 million worth of Ulbricht's alleged bitcoins. $5.8 million worth the site’s buyers and sellers' bitcoins were seized as well.

The new Silk Road has indicated that measures have been put in place protecting users from losing bitcoins in the event of a shutdown, according to the article. Essentially, the new site is set up and operates in the same manner as before, in the “Amazon. com” model.

Silk Road can only be accessed with encryption software called Tor, browser software that protects the users computers’ IP addresses. Tor enables users to buy and sell without fear of being tracked by government agencies, allowing for a purely anonymous marketplace.

Silk Road users can buy and sell anything from heroin to marijuana, even unique designer drugs that hardly anyone has heard of, let alone used before, can be found in the marketplace.
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