Bitcoins, Drugs, and The Underworld

A website called Silk Road was taken down and charges were posted yesterday to Ross Ulbricht who ran the site that allowed underworld transactions, sort of an ebay/craigslist for criminals.  The site used bitcoins as the means of exchange and allegedly made about $1.2 billion in revenues and $80 million in commissions. The site allowed the sale of guns, drugs and even assassinations. 

This definitely impacted the price of bitcoins as the price fell after the news broke but today the price has climbed back up to around $130.

Here's a news article detailing the websites activities:

http://news.yahoo.com/silk-road-website-dealt-drugs-guns-assassins-bitcoins-190640637--abc-news-topstories.html

Here's a site to check the rates on bitcoins:
http://bitcoincharts.com/