Things are really starting to heat up regarding the Silk Road marketplace (as if things already weren’t hot enough). Following the start of Ross Ulbricht’s trial last week, a bitcoin trader has been sentenced to four years in prison due to his unveiled connections to the underground illegal market. Robert M. Faiella (who often operated under the code name “BTCKing”) has recently pled guilty to operating an illegal money transmission business. Often times, the business saw to the exchange of fiat currency for bitcoins, which would then be used to purchase drugs and other items from Silk Road. Faiella, a...
