Controversial web site Silk Road has been seized by the FBI and shuttered. The site, which had nearly a million registered users, was a secret, underground exchange for illegal goods, drugs and services. Users could buy ecstasy, meth, marijuana, guns and almost any other imaginable contraband on the marketplace anonymously using the internet currency Bitcoin.
The site was operated by 30-year-old Ross William Ulbricht who went by the moniker “Dread Pirate Roberts” — a Princess Bride reference — or DPR on the site, according to the Fed documents. Silk Road generated more than $1.2 Billion of revenue and commissions of nearly $80 million in its two and a half years of operation.
Ulbricht was indicted on Federal charges including narcotics trafficking conspiracy, computer hacking conspiracy, soliciting murder and money laundering conspiracy.
The FBI arrested him while he was working in a San Fransisco library.
The murder charge stems from a series of communications that authorities believe show Ulbricht soliciting the services of a hit man for $80,000 to silence someone who may have been blackmailing him.