While most of the current focus is on the Silk Road trial, American intelligence services are still hunting down people responsible for operations conducted by Silk Road 2.0. As a result, US police has arrested a 26-year old man in Seattle who allegedly helped operating Silk Road 2.0, the “successor” of the infamous Silk Road online marketplace.
After the original Silk Road platform was shut down by US officials in 2013, it didn’t take long for the marketplace to pop up again under the banner “Silk Road 2.0”. To this date, no one is certain about the Silk Road 2.0 owner, who goes by the nickname Defcon. However, with the recent arrest made by US police, we now know who Defcon’s alleged “right hand man” is.
Brian Richard Farrell , 26, allegedly told US police officials that he was involved in day-to-day operations of Silk Road 2.0. People who have been monitoring the Silk Road 2.0 activities closely may remember one of the senior administrators called “DoctorClu”. According to police officials, DoctorClu and Brian Richard Farrell are one and the same person.As of this writing, Mr. Farrell is charged with one count of conspiracy to distribute cocaine, heroin and methamphetamine.
Silk Road 2.0 was operation between November 2013 and November 2014, during which time the platform became infamous for drug trafficking and “buying an d and selling services in exchange for Bitcoin”. Similar to it’s original Silk Road counterpart, both these platforms have given Bitcoin a terrible reputation which still haunts the popular currency to this date.
It has to be said however that both Silk Road and Silk Road 2.0 were booming businesses. According to insider statistics, Silk Road 2.0 generated US$8 million in revenue on a monthly basis, which is an astonishing amount. Ross Ulbricht, the owner of the original Silk Road marketplace, allegedly made over US$18 million in profits from “illegal activities taking place on Silk Road”.
The arrest of Brian Richard Farrell is the second major arrest in the Silk Road 2.0 investigation. In November of 2014, US police arrested Blake Benthall, the alleged owner of Silk Road 2.0, also known as Defcon. Neither of these men have been officially found guilty at this point in time, nor is there an official Silk Road 2.0 trial date at the time of publishing this article.