Just one after the FBI seized and shut down Silk Road the Internet site known as the Amazon.com of drugs, weapons and worse it’s back month. Yup, in the annals of criminal history, this one has to be up there in the chutzpah department; it’s like the capabilities behind the website are totally thumbing their collective noses at U.S. federal authorities.

Are Bitcoins and Silk Road Founders Aligned?

Even more shocking, brand new allegations tie Silk Road’s founder Ross William Ulbricht aka Dread Pirate Roberts until their FBI takedown final month to the still publicly unidentified initial creator of Bitcoins, the digital currency solely used to pay for illegal goods and services on the old and site that is now new.

The allegations came to light after two Israeli boffins one a cryptographer readied a paper that is soon-to-be-published claims that the FBI seizure in fact only got their hands on roughly 22 percent of the $80 million in commissions Ulbricht’s web site had garnered from sales of an estimated $1.2 billion; sales on everything ranging from assault weapons to illegal narcotics of any kind and also for hit men services for hire.

Dorit Ron and Adi Shamir are the two researchers who’ve brought these allegations to light, including which they themselves have only b Continue reading →