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October 2, 2013Crises & controversyEnforcement actionsdocumented

U.S. authorities seize Silk Road

Federal agents shut down the Silk Road marketplace and arrested alleged operator Ross Ulbricht.

The case included the seizure of the site and large quantities of bitcoin tied to its operations and Ulbricht’s devices. Bitcoin continued functioning, while law enforcement demonstrated that darknet activity and blockchain-linked assets were not beyond investigation.