9 Years After Ross Ulbricht’s Arrest & Silk Road’s Closing, How’s Bitcoin Doing?
The story of Silk Road and its creator Ross Ulbricht are inextricably linked to bitcoin’s history. In February 2011, the dark web black market was one of the first web stores to go bitcoin-only, providing an undeniable use case for the bitcoin network as a payment rail. On the other hand, the Silk Road stained […]
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The founder of the darknet marketplace Silk Road which dealt exclusively with Bitcoin, Ross Ulbricht, recently announced that he had spent 10 years in prison. Despite his fraudulent actions, Ulbricht is a popular figure in the crypto community as he is believed to have contributed to the accelerated adoption of the flagship cryptocurrency, Bitcoin. Silk Road […]
Today marks a significant day for Ross Ulbricht, founder of Silk Road, as he rests his hopes on an appeal that could see him spending any part of his sentence outside prison. Before Silk Road was seized by the FBI in 2013, it was considered as the most sophisticated marketplace on the Internet. Attracting people because of the anonymity it provided its users, it sold fakes IDs, drugs, computer hacking tools, and other illegal items to people across the world. Due to Silk Road’s concealment, it took undercover investigators years before they were finally able to discover that Ross Ulbricht....
The U.S. District Court of Appeals for the Second Circuit has denied Ross Ulbricht’s appeal of a life sentence for his role as the leader of the Silk Road online drug marketplace, according to a court filing. Circuit judges did not agree with Ulbricht’s claims that the district court erred in denying his motion to suppress evidence, that the court denied him a right to a fair trial and denied his motion for a new trial, and that his sentence is procedurally and substantially unreasonable. Silk Road, seized by the FBI in 2013, was considered the most sophisticated marketplace on the....
Ross Ulbricht was allegedly the man behind the notorious dark web Marketplace Silk Road. CCN reported when his trial begun back in 2015, and when it led to a sentence of life in prison as he was convicted of owning the “Dread Pirate Roberts” (DRP) account in the marketplace. According to Motherboard, Ross’ attorneys claim to have discovered new evidence that someone used the Dread Pirate Roberts account six weeks after he was arrested. At the time, Ross was in federal custody, so he couldn’t have been him. As such, the logical conclusion is that someone else had access to the Dread Pirate....
Ross Ulbricht's defense counsel has submitted a reply brief to the US Court of Appeals disputing the fairness of the trial that led to his conviction. The Silk Road episode is back in the news. This time, Ross Ulbricht’s defense is questioning the fairness of the trial that led to his conviction. Ross’ defense team has appealed his sentence in the United States Court of Appeals for the Second Circuit. Filed by the Ross Ulbricht’s defense counsel Joshua Dratel, the reply brief states that his client was wrongly convicted after being investigated by corrupt law enforcement officials. The....