Police Confiscate 11,000 Bitcoin Wallets; Shut Down Dark Web Site

“As the final legal chapters close on Ross Ulbricht’s Silk Road website held within the ‘Dark Web’, the proliferation of many, many more dark markets is making international news. Authorities have closed down one of these Dark Web havens, and have confiscated thousands of bitcoin wallets in association with its use.  Under code name ‘Operation Babylon’, Italian officials have shut down the site that hosted over 14,000 members, performing over 170,000 transactions using Tor’s web browser.  Over 200 drug dealers are claimed to have used the site for trafficking purposes, but this may be only one site of its kind out many. The website is said to have been masterminded by an Italian near Naples.”

http://cointelegraph.com/news/115043/police-confiscate-11000-bitcoin-wallets-shut-down-dark-web-site

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