November 28, 2013 12:24 pm
Updated: November 28, 2013 12:26 pm

Black Market Reloaded: Purchasing illegal goods using Bitcoin

ABOVE: Screen grabs from “Black Market Reloaded”, a website that dealt in selling a wide array of illegal goods using Bitcoin.

Critics say that Bitcoin is the perfect tool for criminals who want to purchase guns or drugs anonymously. Silk Road, a website that dealt in selling a wide array of illegal goods, only accepted Bitcoin. When the FBI shut it down in October, they called it “the most sophisticated criminal marketplace on the Internet.”

READ MORE: Volatile and surging: Bitcoin popularity on the rise

One regulator called it “a haven for narco-traffickers, terrorists, and money launderers.” But already another illegal bazaar that uses Bitcoin has sprung up in Silk Road’s place. It is called Black Market Reloaded – and it boasts ads for cocaine, AK-47s, even grenades.

Global News

© Shaw Media, 2013

Report an error

Comments