Wallets belonging to Ross Ulbricht, the imprisoned creator of the illegal drug marketplace Silk Road, were discovered on Wednesday, containing as many as 430 Bitcoin (CRYPTO: BTC) unmoved for over 13 years.
Ross Ulbricht, the creator of the illegal drug marketplace Silk Road, expressed gratitude on Thursday after being pardoned by President Donald Trump. What happened: In his first public statement after being granted a full and unconditional pardon,
Ross Ulbricht was serving a life sentence for creating a site in a shady corner of the internet to sell heroin, cocaine and other illicit substances.
U.S. President Donald Trump on Tuesday pardoned Silk Road founder Ross Ulbricht, who was sentenced to life in prison for running an underground online marketplace where drug dealers and others conducted more than $200 million in illicit trade using bitcoin.
Ross Ulbricht is free, but unproven allegations against the Silk Road founder overshadow his well deserved pardon in some corners of the internet.
Console Wars’ duo Jonah Tulis and Blake J. Harris have conducted more than 60 hours of interviews with Ulbricht, who became a cause célèbre among libertarians and cryptocurrency enthusiasts after being handed two life sentences.
Ulbricht was sentenced to life in prison in 2015 on charges related to his website, where users could buy and sell drugs and other illegal goods with bitcoin.
Libertarian activists, who generally oppose criminal drug policies, argued the government overreached in building its case against Ross Ulbricht and the dark web marketplace Silk Road.
Bitcoin’s march toward mainstream acceptance is well underway, and those paying attention stand to benefit the most.
According to Arkham Intelligence, his wallet address has received 2.62 BTC, approximately $272,000, which includes the Kraken donation. Another address associated with Ulbricht has collected $4,615 in Ethereum, USDC, Tether (USDT), and Binance Coin (BNB).
President Donald Trump signed an executive order on Thursday to establish clear regulations around digital assets in the US.