Category Archives: Silk Road

Alleged Silk Road employee extradited from Ireland to U.S.

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An alleged high-level employee of the dark web market Silk Road was extradited from Ireland to the United States on Friday, the Department of Justice announced. This follows a years-long legal fight against extradition that failed last month. Gary Davis, also known as Libertas, is accused of being a salaried administrator on Silk Road, one of the first multimillion dollar dark web markets that took advantage of cryptocurrency. The vast majority of the illicit goods available on Silk Road were illegal drugs but other digital services and goods, including some malware, was available for purchase on the underground market. Silk Road was shuttered in October 2013 after a high-profile FBI investigation ended with the arrest of Ross Ulbricht, who is now serving a double life sentence in American prison. It’s difficult to overstate the degree to which Silk Road, for a short but intense period of time, drew global attention […]

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The Extradition He Thought Would Never Happen: Roger Clark of Silk Road

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Roger Clark, the alleged right-hand man to Silk Road founder and owner Ross Ulbricht, was extradited to the United States earlier this month. His extradition quickly was followed by the unsealing of a grand jury indictment against him. While many cybe… Continue reading The Extradition He Thought Would Never Happen: Roger Clark of Silk Road→

Corrupt Federal Agent, Who Stole Bitcoins From Silk Road, Pleads Guilty To Money Laundering

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A former the United States Secret Service agent who stole hundreds of thousands of dollars worth of Bitcoins during an investigation into then-largest underground marketplace Silk Road has now pleaded guilty to money laundering.

Shaun W. Bridges is on… Continue reading Corrupt Federal Agent, Who Stole Bitcoins From Silk Road, Pleads Guilty To Money Laundering→

After AlphaBay’s Demise, Customers Flocked to Dark Market Run by Dutch Police

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Earlier this month, news broke that authorities had seized the Dark Web marketplace AlphaBay, an online black market that peddled everything from heroin to stolen identity and credit card data. But it wasn’t until today, when the U.S. Justice Department held a press conference to detail the AlphaBay takedown that the other shoe dropped: Police in The Netherlands for the past month have been operating Hansa Market, a competing Dark Web bazaar that enjoyed a massive influx of new customers immediately after the AlphaBay takedown. Continue reading After AlphaBay’s Demise, Customers Flocked to Dark Market Run by Dutch Police→

AlphaBay shut down by law enforcement raids across three countries

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AlphaBay, the largest and most profitable dark net black market to exist since the fall of Silk Road, was taken down by an international police action, according to the Wall Street Journal. The site shut down suddenly on July 5, prompting worries that millions of dollars could have been taken from its customers. In 2015, operators of one major dark net market took $12 million from users in just such a scheme. Instead, AlphaBay’s shutdown was due to raids and arrests by law enforcement in the United States, Canada and Thailand. Officials targeted Alexandre Cazes, a Canadian citizen thought to be the leader of AlphaBay. Cazes was found dead in a Thailand jail cell on Wednesday, supposedly while extradition to the U.S. was being prepared. The Bangkok Post reported that police impounded “four Lamborghini cars and three houses worth about 400 million baht ($11.7 million) in total” from Cazes, who had been living in Thailand for eight years. AlphaBay […]

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How AlphaBay has quietly become the king of dark web marketplaces

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In December 2016, The Rainmaker Labs was ready to debut its new product. The startup went through many of the same steps other businesses take on launch day. It advertised a long list of unique and powerful features that highlighted the product’s ease of use, peppered the targeted online marketplace with catchy slogans and filmed a slick YouTube commercial. Since the launch, The Rainmaker Labs is on pace to earn over $60,000 from the product, dubbed “Philadelphia.” The group’s full suite of offerings has it positioned for six-figure sales numbers for 2017. This is a big problem for security professionals and law enforcement alike. Why? The Rainmaker Labs creates malware, packages it with utter professionalism and sells it as a cutting-edge way for crooks to make mountains of money. It’s one of the scores of shady sellers that have turned cybercrime into a living thanks to AlphaBay, the highest-earning and most popular dark web market in the English-speaking world. Facilitating the sale of […]

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