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

Donald Trump Pardons Silk Road Founder Ross Ulbricht

user avatar

by Giorgi Kostiuk

a year ago


President Donald Trump announced the full pardon of Ross Ulbricht, the founder of the notorious Silk Road marketplace.

Ulbricht's Pardon

President Donald Trump announced on Tuesday the pardon of Ross Ulbricht, the founder of the Silk Road dark web marketplace, as part of fulfilling his 2024 campaign promise. Ulbricht, known as 'Dread Pirate Roberts,' had been serving a life sentence for operating a platform that facilitated drug sales and money laundering. Trump stated he personally contacted Ulbricht's mother to inform her of the decision.

Silk Road's Criminal Legacy

Silk Road's operations were associated with significant criminal outcomes. According to U.S. Immigration and Customs Enforcement (ICE), the site allowed thousands of drug dealers to sell illicit substances to more than 100,000 customers. The platform also facilitated the laundering of hundreds of millions of dollars from these sales.

Impact of the Pardon

This pardon fulfills Trump's campaign promise made in May 2024 at the Libertarian Party's national convention, where he pledged to commute Ulbricht's sentence if elected.

Trump's decision to pardon Ulbricht sparks discussion on the consequences of Silk Road's activities and the implications of high-profile pardons.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Crypto Industry Raises $146 Billion from IPOs in 2025

chest

The crypto industry saw a major increase in initial public offerings, raising $146 billion from 11 IPOs in 2025.

user avatarElias Mukuru

Liquidity Constraints Affect Market Responses

chest

Liquidity constraints and credit flow issues are impacting market responses.

user avatarKenji Takahashi

BlackRock Analysts Highlight Broader Economic Implications of Rate Cuts

chest

BlackRock analysts discuss the economic implications of limited interest rate cuts, emphasizing the importance of labor market conditions.

user avatarMaria Fernandez

Kaspa Enhances Blockchain Scalability

chest

Kaspa has announced significant updates to its Layer 1 blockchain, focusing on enhanced scalability and security.

user avatarGustavo Mendoza

Investor Confidence Remains Low Despite Interest Rate Cuts

chest

Investor confidence remains low despite anticipated interest rate cuts due to ongoing risk aversion and macroeconomic concerns.

user avatarRajesh Kumar

Federal Reserve Expected to Limit Interest Rate Cuts by 2026

chest

BlackRock strategists predict limited interest rate cuts by the Federal Reserve, totaling 175 basis points by 2026, indicating constrained monetary policy.

user avatarMiguel Rodriguez

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.