An online black marketplace and the first modern darknet market, best known as a platform for selling illegal drugs. The Federal Bureau of Investigation (FBI) shut down the website in October 2013, and arrested Ross William Ulbricht under charges of being the site’s pseudonymous founder ‘Dread Pirate Roberts’. Ulbricht was convicted of seven charges related to Silk Road in U.S. Federal Court in Manhattan and was sentenced to life in prison without possibility of parole. Here’re the latest news related to Silk Road.
The US government confiscated Bitcoin holdings associated with the Silk Road marketplace in two instances, first in Memphis, Tennessee, on February 10, 2021, and then in Arlington, Virginia, on May 11, 2021.
Ross Ulbricht’s case has garnered significant public attention, and numerous individuals have advocated for clemency for the website’s founder.
The hacker used a “sophisticated scheme” to steal Bitcoins from the Silk Road. He crated nine fraudulent accounts to siphon off money from the darknet marketplace.
As President Trump is set to leave office on January 20, 2021, Ross Ulbricht may become a free man by then.
The operations of the Silk Road were short-lived as US Authorities were able to obtain enough evidence through masked purchases of items on the site, giving the perfect shreds of evidence to close down the site.
Ross Ulbricht, the founder of Silk Road, who is currently serving his double life sentence, wrote to Roger Ver and asked his help in getting clemency.
The new evidence has been discovered during the search of Bridges’s house.
Ulbricht’s defense team filed a multipage argument with a list of improprieties and abuses in Ulbricht’s investigation and trial.
Every week CoinSpeaker interviews famous people involved with Bitcoin, Blockchain, Internet of Things, and FinTech industry.
The final auction of confiscated Silk Road bitcoins resulted in four winners, the U.S. Marshals Service spokesperson said on Thursday.