'Dark net' drug deals boom on cyber Silk Road
Posted in: Legal, Privacy & Security at 11/08/2012 14:56
Underground online drug marketplace Silk Road is doing an estimated $22 million a year in sales but, in light of evidence of its growing popularity among Australians, police and customs officials are starting to crack down.
Silk Road - started by "Dread Pirate Roberts" in February last year - functions like a black market version of eBay, complete with vendor feedback, dispute resolution and sales promotions. Cocaine and ecstasy sell for a quarter of Australian street prices, while other drugs such as cannabis and prescription medication are also shipped worldwide.