• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Donald Trump Grants Full Pardon to Ross Ulbricht

user avatar

by Giorgi Kostiuk

a year ago


U.S. President Donald Trump has granted a full and unconditional pardon to Ross Ulbricht, the man behind the notorious Silk Road dark web marketplace. Ulbricht, convicted in 2015 for his role in operating the platform, had been sentenced to life in prison.

The Silk Road Legacy

Silk Road was an online marketplace that operated from 2011 to 2013, where users could anonymously buy and sell illicit goods, including drugs and weapons. The platform, which only accepted Bitcoin and other cryptocurrencies, became a symbol of the intersection of illegal activity and emerging technologies like blockchain. Silk Road’s use of the Tor network, designed to anonymize user identities, furthered its reputation as a hidden space for criminal enterprise.

Ulbricht's Conviction and Life Sentence

Ulbricht’s conviction included charges of drug trafficking, money laundering, and conspiracy to commit computer hacking. Prosecutors claimed that he had earned millions of dollars through Silk Road transactions, which contributed to his life sentence. Additionally, there were allegations that Ulbricht had attempted to arrange murders to protect his business, though the murders were never definitively proven. Many libertarian activists argued that Ulbricht's actions were motivated by a desire to promote individual freedom and privacy, not to cause harm.

The Pardon Announcement

On January 20, 2025, President Trump took to his social media platform, Truth Social, to announce the pardon. In his post, Trump expressed his pleasure in granting the pardon, calling it a favor for both Ulbricht’s mother and the Libertarian movement. Trump also highlighted his belief that the people responsible for Ulbricht's conviction were part of the same group that had allegedly 'weaponized' government power against him.

"The scum that worked to convict him were some of the same lunatics who were involved in the modern-day weaponization of government against me. He was given two life sentences, plus 40 years. Ridiculous!"Donald Trump

The announcement of the pardon has been met with applause from libertarian activists but remains divisive. Critics argue that the Silk Road facilitated illegal drug trade and contributed to overdose deaths. Supporters, however, believe the punishment was disproportionate and highlight the broader societal implications concerning privacy and economic freedom.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ethereum Options Expiry Could Increase Short-Term Volatility

chest

Ethereum options expiry worth $893 million may introduce near-term volatility in the market.

user avatarZainab Kamara

ZachXBT Uncovers Insider Trading Allegations at Axiom Exchange

chest

Blockchain investigator ZachXBT uncovers allegations of insider trading and data abuse at Axiom Exchange involving employee Broox Bauer.

user avatarSon Min-ho

Morgan Stanley to Enhance Bitcoin and Crypto Services

chest

Morgan Stanley is set to enhance its Bitcoin and crypto services, including spot trading on ETRADE and plans for custody and lending services.

user avatarAyman Ben Youssef

XRP Investors Warned Against Panic Selling

chest

Max Avery warns XRP investors against panic selling during the market downturn, highlighting potential losses and tax implications.

user avatarTando Nkube

Negotiations on Stablecoin Interest Payments Continue

chest

Ongoing discussions about whether stablecoin issuers can offer interest on unused token balances, with a focus on user engagement rewards.

user avatarKofi Adjeman

Oppenheimer Analyst Upgrades Oracle Stock Rating

chest

Oppenheimer analyst Brian Schwartz upgraded Oracle's stock rating to 'buy' with a target price of $185, indicating a potential 25% return on investment over the next 12 months.

user avatarNguyen Van Long

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.