Wednesday, July 22, 2015

Silk Road Snitch Gets 2 ½ Years, 9 Months Remaining

"Deezletime" was a heroin dealer. He sold heroin to people using Ross Ulbricht's creation, the Silk Road, the first major "darknet market" which some argue was the first true use case for Bitcoin. He earned $60-70,000 per month. His real name is Michael Duch, and he was a key witness in the case against Ross Ulbricht, functionally as a way to describe to jurors how the site worked from the perspective of a dealer. Duch had no connection to Ulbricht outside of Ulbricht's identity as Dread Pirate Roberts, the site's administrator and thought leader. Some feel that Duch's real purpose […]

The post Silk Road Snitch Gets 2 ½ Years, 9 Months Remaining appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

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