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Silk Road was an online black market and the first modern darknet market, best known as a platform for selling illegal drugs. The website was launched in February 2011 and operated as a Tor hidden service, making it difficult for law enforcement to trace users. Transactions on Silk Road used bitcoin, which furthered the anonymity of its users. The site was founded by Ross Ulbricht under the pseudonym "Dread Pirate Roberts" and was shut down by the FBI in October 2013.