A California man has been arrested for starting a spinoff version of the shuttered Silk Road website, enabling more than 100,000 people to buy and sell illegal drugs in the last year, authorities announced Thursday.
The feds may have busted Silk Road a year ago, but Sen. Schumer said online drug sales are flourishing.
A Manhattan federal judge presiding over the case against Ross Ulbricht, accused founder of Silk Road, is now the subject of online death threats.
U.S. District Judge Katherine Forrest set the Nov. 3 date as 29-year-old Ross William Ulbricht pleaded not guilty to four charges in a rewritten indictment returned earlier this week.
The top executive of a Manhattan-based Bitcoin company and a Florida Bitcoin exchanger have been charged with conspiring to commit money laundering by selling more than $1 million in Bitcoins to users of the black market website Silk Road, which let users buy illegal drugs anonymously, authorities said Monday.