US authorities shut Silk Road website

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SAN FRANCISCO: United States authorities said on Wednesday (Thursday in Manila) that they have busted an online black market for drugs, hitmen, hacker tools and more, arresting Ross William Ulbricht, the suspected mastermind of a nefarious bazaar called Silk Road. Federal agents shut down the website, which used a privacy-protecting Tor network and Bitcoin digital currency to shield the identities of buyers and sellers around the world.

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