Silk Road and Bitcoin’s Early Days: Why the Dark Web…
By Damilola Esebame
Source excerpt · FinanceFeeds
KEY TAKEAWAYS Ross Ulbricht launched Silk Road in February 2011 using Tor and Bitcoin to build a major anonymous online marketplace for goods and services, widely described as one of the first modern darknet markets. The FBI estimated that Silk Road processed roughly $1.2 billion in total Bitcoin transactions before federal agents seized the platform servers in October 2013. Federal agents seized…