The Silk Road was an online marketplace on the dark web that gained notoriety for facilitating the sale of illegal goods and services, including drugs and hacking tools. The creator of the Silk Road, Ross Ulbricht, operated the platform under the pseudonym "Dread Pirate Roberts."

Bitcoin played a pivotal role in the Silk Road's operation. It was the primary means of exchange on the platform, allowing buyers and sellers to conduct transactions with a degree of anonymity. Bitcoin's pseudonymous nature made it the preferred currency for those seeking to maintain their privacy while engaging in illegal activities.

In 2013, the FBI arrested Ulbricht and shut down the Silk Road, but the story didn't end there. The seized Bitcoins from the Silk Road became a subject of legal dispute. The U.S. government held a high-profile auction to sell the confiscated Bitcoins, ultimately winning bidders for large amounts of the cryptocurrency.

bitcoin

The Silk Road was an online marketplace on the dark web that gained notoriety for facilitating the sale of illegal goods and services, including drugs and hacking tools. The creator of the Silk Road, Ross Ulbricht, operated the platform under the pseudonym "Dread Pirate Roberts."

Bitcoin played a pivotal role in the Silk Road's operation. It was the primary means of exchange on the platform, allowing buyers and sellers to conduct transactions with a degree of anonymity. Bitcoin's pseudonymous nature made it the preferred currency for those seeking to maintain their privacy while engaging in illegal activities.

In 2013, the FBI arrested Ulbricht and shut down the Silk Road, but the story didn't end there. The seized Bitcoins from the Silk Road became a subject of legal dispute. The U.S. government held a high-profile auction to sell the confiscated Bitcoins, ultimately winning bidders for large amounts of the cryptocurrency.