A Florida bitcoin exchanger who admitted he enabled the digital currency to be funneled to the black market website Silk Road for drug sales was sentenced on Tuesday to four years in prison.
A Washington state man was charged Tuesday with helping run what investigators called one of the most sophisticated and widely used criminal marketplaces on the Internet.
Defense lawyers for Ross Ulbricht, the alleged mastermind of online criminal enterprise Silk Road, sought to convince New York jurors that the wrong man was in the dock.
Several sensational scandals in the United States and abroad have increased U.S. and foreign governments' scrutiny of bitcoin, an expanding digital currency that critics say is ripe for criminal abuse.
A San Francisco man who launched an underground website as an economic experiment before abandoning it was fooled into taking the fall when investigators concluded it was used almost solely for drug dealing, a defense lawyer ...
The trial opened Tuesday of the accused US mastermind of an underground criminal website that distributed narcotics, hacking services and forged documents to more than 100,000 people all over the world.
Murder-for-hire allegations are central to a New York trial starting this week for a San Francisco man charged with running an online black market where drugs were sold as easily as books and electronics.
No sooner had authorities announced the shuttering of an alleged illegal online drug bazaar than another popped up claiming to take its place.
A global crackdown has shut down dozens of online "dark markets" selling illegal goods and services and masking their identities using the Tor encryption network, officials said Friday.
Law enforcement officials launched a global crackdown on so-called Darknet sites that sell illegal drugs, arresting 17 people in one of the largest stings against the virtual organized crime world.