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2. Silk Road (marketplace) - Wikipedia

   en.wikipedia.org/wiki/Silk_Road_(marketplace)

   Silk Road held buyers' bitcoins in escrow until the order had been received and a hedging mechanism allowed sellers to opt for the value of bitcoins held in escrow to be fixed to their value in US$ at the time of the sale to mitigate against Bitcoin's volatility. Any changes in the price of bitcoins during transit were covered by Dread Pirate ...

3. Ross Ulbricht - Wikipedia

   en.wikipedia.org/wiki/Ross_Ulbricht

   Ross William Ulbricht (/ ˈ ʊ l b r ɪ k t /; born March 27, 1984) [1] is an American who created and operated the darknet market Silk Road from 2011 until his arrest in 2013. Silk Road was an online marketplace that facilitated the trade in narcotics and other illegal products and services.

4. Federal Bitcoin auctions - AOL

   www.aol.com/finance/federal-government-just-got...

   Last month, blockchain analytics firm Arkham Intelligence pointed out that crypto wallets known to be owned by the U.S. government moved $1.9 billion worth of Silk Road Bitcoin to crypto exchange ...

5. Why Donald Trump Made a Deal To Free Ross Ulbricht - AOL

   www.aol.com/news/trump-promised-free-ross...

   The Silk Road demonstrated that, with bitcoin, you could buy things on the internet by circumventing payment rails that the government controlled. Online trade had become virtually unstoppable.

6. Jimmy Zhong - Wikipedia

   en.wikipedia.org/wiki/Jimmy_Zhong

   James "Jimmy" Zhong (born May 24, 1990) is an American man who was convicted in 2022 for stealing over 51,680 bitcoin (then worth about $620,000; [2] value as of 2023 approximately $3.4 billion [3]) from the online black market Silk Road between 2012 and 2014. [4]

7. Crypto crime lord Ross Ulbricht gets a pardon—but his ... - AOL

   www.aol.com/finance/crypto-crime-lord-ross...

   Meanwhile, the FBI wallet that once held Ulbricht’s over 144,000 Bitcoins currently holds a little over 1 Bitcoin and has a balance of around $129,000. It is unclear what will become of those funds.

8. Trump announces pardon for Silk Road founder Ross Ulbricht ...

   www.aol.com/trump-expected-pardon-silk-road...

   Silk Road sold drugs and other illegal products while accepting bitcoin as payment. Ulbricht was convicted for being the founder of the dark website Silk Road. REUTERS

9. Sheep Marketplace - Wikipedia

   en.wikipedia.org/wiki/Sheep_Marketplace

   It launched in March 2013 and was one of the lesser known sites to gain popularity with the well publicized closure of the Silk Road marketplace later that year. It ceased operation in December 2013, when it announced it was shutting down after a vendor stole $6 million worth of users' bitcoins. [2] [3] [4]