• 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

Tony Severino Predicts Bitcoin Bear Market Bottom at $34,000

chest

Tony Severino predicts Bitcoin bear market bottom at $34,000 by October 2026.

user avatarLeo van der Veen

Bitcoin's Cryptography Faces Quantum Threat at ETH Denver

chest

Experts at ETH Denver discussed the vulnerabilities of Bitcoin's cryptography in a post-quantum world, highlighting risks from Shor's algorithm and potential consequences for Bitcoin ownership.

user avatarLi Weicheng

Options Market Shows Shift in Volatility Expectations

chest

Data from the Bitcoin options market indicates a notable change in volatility expectations, with traders beginning to expect less immediate volatility.

user avatarAisha Farooq

Metaplanets CEO Defends Bitcoin Purchases Amid Criticism

chest

Simon Gerovich, CEO of Metaplanets, defends the company's Bitcoin purchases and trading strategies, emphasizing transparency and countering misinformation.

user avatarMohamed Farouk

Metaplanets Reports Heavy Net Loss Despite Strong Revenue from Options

chest

Metaplanets reported a heavy net loss of approximately $680 million for fiscal 2025, despite strong revenue of $89 million from options trading.

user avatarBayarjavkhlan Ganbaatar

Bitcoin Faces Quantum Computing Discount Risk

chest

New research indicates that Bitcoin's fair value could be discounted by up to 60% by 2028 due to Quantum Computing threats.

user avatarTenzin Dorje

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.