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Bitcoin drug den wants police help in arresting alleged blackmailer

Published May 1st, 2013 11:30AM EDT
Silk Road Blackmail Allegations

For reasons that are likely attributable to excessive use of illicit substances, online Bitcoin-accepting drug den Silk Road thinks that police will jump at the chance to help it track down an alleged blackmailer who is threatening to shut the site down unless he gets paid a certain amount of money. The Telegraph reports that Silk Road has been under constant DDoS attacks from a person who calls himself “Lance G” and who has been “threatening to crash the site unless it fronted the surprisingly small amount of $5,000.” As a result, Silk Road is offering a $5,000 reward for any “information that leads to the arrest and conviction of whoever is behind this extortion attempt.” As The Telegraph points out, however, most law enforcement officials are unlikely to devote significant resources toward making sure that a hub for online drug dealing stays online.

Brad Reed
Brad Reed Staff Writer

Brad Reed has written about technology for over eight years at and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.