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.”
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.