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Eight more arrested in Bitcoin drug den bust

Published Oct 9th, 2013 10:00PM EDT
Silk Road Arrests Bitcoin

Buying and selling illegal drugs on the Internet using a virtual currency isn’t as fun as it used to be. The Associated Press, via NPR, reports that law enforcement officials in the United Kingdom, Sweden and the United States have arrested eight more individuals who have connections to Silk Road, the now-shuttered online drug den that accepted digital currency Bitcoin as a form of payment. The AP says that “most if not all the arrests took place within a couple of days of last week’s capture of Silk Road’s alleged mastermind, Ross Ulbricht, in San Francisco,” which likely means that they have enough evidence to unravel the entire drug ring just from data they seized during the initial raid.

Prior to joining BGR as News Editor, Brad Reed spent five years covering the wireless industry for Network World. His first smartphone was a BlackBerry but he has since become a loyal Android user.