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Thursday, January 29, 2015

Drugs traffic & financial safety
The homepage to Silk Road 2.0, allegedly an underground drug market, is seen in a screenshot after it was closed by U.S. authorities (Reuters/Staff)A former FBI agent testified that he directly traced millions in bitcoin to the personal computer of the man accused of running the underground drug website Silk Road, but privacy advocates continue to raise concerns over how the evidence was gathered.
According to testimony from former FBI agent Ilhwan Yum on Thursday, more than 3,760 bitcoin transactions were traced directly from Silk Road servers to Ross Ulbricht over the course of 12 months ending in August 2013, Wired reported. The digital currency was used to make illegal drug transactions on the underground website, which the government says was created and run by Ulbricht.


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