164 - The FBI Agent Who Took Down the Silk Road with Chris Tarbell

Chris Tarbell is a former FBI Agent specializing in cyber investigations. While at the FBI, Chris led some of the most high-profile cybercrime investigations in the world, including the arrest of members of the hacker group LulzSec, as well as the founder of the Silk Road, Ross Ulbricht, which resulted in the largest seizure of bitcoins to date.

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✨ DEBRIEF | Unpacking the episode: 
https://www.bankless.com/debrief-the-fbi-agent-who-took-down-the-silk-road 
 
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✨ COLLECTIBLES | Collect this episode: 
https://collectibles.bankless.com/mint 

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Rarely do we have the opportunity to pick the brain of a cybercop, but this was our opportunity to see through the eyes of the FBI agent who took down the Silk Road in the largest crypto seizure ever recorded.

In today’s episode, Chris shares the story of crypto, Ross Ulbricht, and the Silk Road as told by the FBI agent who took it down. We also dig into the eternal cat-and-mouse game between Cybercriminals and Cyberpolice, how to protect yourself from people who want to take your crypto, and if the FBI wants your private keys, how they get them. 

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Topics Covered

0:00 Intro
9:10  Bitcoin Predictions 
10:08 FBI’s Crypto Impression
11:15 Chris’s Crypto Aha Moment 
16:11 FBI’s Institutional Knowledge
17:00 Silk Road Story 
21:25 FBI Divisions 
27:14 Growth of the Silk Road 
30:39 Purchasing on the Silk Road
31:36 Why End the Silk Road?
34:17 Ross Ulbricht
37:38 Timeline of the Investigation 
39:00  Dread Pirate Roberts
42:20 Ross Ulbricht as a Martyr
43:27 What Ross Was Charged With?
44:05 Chris’s Thoughts on Ross?
46:30 Sabu vs. Ross
48:05 Other Charges 
50:53 Silk Road Principles 
52:45 Silk Road Bitcoin Vault
54:53 Seizing the Laptop 
56:04 The Black Marketplace Wave 
57:32 FBI Adapting 
1:00:52 Cyber Police 
1:03:26 What Chris Sees in Crypto 
1:06:30 Bursting the Crypto Utopia 
1:10:59 Crypto Tools 
1:12:11 Steelmanning the Crypto Case 
1:15:39 Tornado Cash
1:17:58 Hive Ransomware
1:21:05 Profile of a Hacker 
1:22:21 The New Frontier of Ransomware
1:22:38 Nationstate Actors 
1:25:04 Honeypots for Hackers
1:27:49 How to Protect Yourself
1:32:06 Prioritizing Targets 
1:36:00 zkProofs & Privatization
1:39:32 Missing Silk Road Bitcoin Story 
1:43:46 Chris’s Podcast
1:45:10 Closing & Disclaimers 

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Resources:

Hacker and the Fed
https://podcasts.apple.com/us/podcast/hacker-and-the-fed/id1649541362 

Naxo
https://www.naxo.com/ 

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures