BitCoin Plunges Following US Government Seizure Of Silk Road Website

BitCoin Plunges Following US Government Seizure Of Silk Road Website
2 October 2013
, by Tyler Durden (Zero Hedge)

Earlier today, one of the most popular websites that use and promote the use of BitCoin, Silk Road, was shut down by the US government. As Reuters reports, U.S. law enforcement authorities raided an Internet site that served as a marketplace for illegal drugs, including heroin and cocaine, and arrested its owner, the Federal Bureau of Investigation said on Wednesday. The FBI arrested Ross William Ulbricht, known as "Dread Pirate Roberts," in San Francisco on Tuesday, according to court filings. Federal prosecutors charged Ulbricht with one count each of narcotics trafficking conspiracy, computer hacking conspiracy and money laundering conspiracy, according to a court filing. Anyone visiting the site would be greeted with the following "game over" screen.

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Comment by guest_blog on October 2, 2013 at 11:40pm

Anon1384: Where is Bitcoin plunge? Stop spreading disinfo and panic.Bitcoincharts.com

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