LOS ANGELES (LALATE) – Dread Pirate Roberts (Ross William Ulbricht) has been arrested, the alleged owner of Silk Road. A government raid today October 2, 2013 was carried out as well. Officials tell news that the $3.6 million in Bitcoin has been seized. Ross William Ulbricht is due in federal court in San Francisco later today. There are several social media account including Facebook and Google + that show pictures of a person by the same name. It remains unclear if that person is in fact Silk Road’s Ulbricht.
Ulbricht has been charged with narcotics trafficking conspiracy, computer hacking conspiracy and money laundering conspiracy. The company was allegedly been shut down today as well. Officials with the Department of Justice have filed criminal and civil complaints against Ulbricht.
Officials tell news that Silk Road existed on the “Deep Web” which allegedly is not indexed by search engines. Time.com claims that the Deep Web is only accessible through a special browser called Tor. Bitcoin was the digital currently at issue. Officials claim that today’s seizure is the biggest ever for Bitcoin.
Christopher Tarbell, an FBI agent, allegedly headed the investigation. Agents reportedly made more than one hundred transactions over the last three years. They claim that Silk Road made $1.2 billion in earnings in two years and that Roberts personally made $79.8 million. Officials claim the company has roughly one million users than had roughly one million transactions in two years.