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

Ross Ulbricht's Release: Trump Follows Through on Promise

user avatar

by Giorgi Kostiuk

10 months ago


Ross Ulbricht, the creator of the infamous Silk Road marketplace, has been pardoned by President Trump. This event raises questions about the boundaries of personal freedom and state control.

Who is Ross Ulbricht?

Ross William Ulbricht is an American libertarian known for creating the largest online marketplace for illegal drugs in history, Silk Road. Born on March 27, 1984, he operated his platform on the dark web using the TOR network, which allowed users to remain anonymous.

The marketplace generated $214 million in sales through Bitcoin between January 2011 and October 2013.None

Ross' Journey as Creator of Silk Road

Silk Road, launched in early 2011 by Ross Ulbricht as Dread Pirate Roberts, operated on the dark web, enabling anonymous transactions. The FBI commenced investigation upon uncovering links between the site and drug shipments. In October 2013, Ulbricht was apprehended in San Francisco when the FBI conducted a seizure, unveiling his logged-in account under the infamous pseudonym.

Most customers were attracted through forums related to magic mushrooms and Bitcoin, where Silk Road was described as 'an anonymous amazon.com.'None

Why Did Donald Trump Pardon Ross Ulbricht?

Trump pardoned Ulbricht, fulfilling a campaign promise made to his libertarian supporters, who viewed Ulbricht's case as a prime example of government overreach.

Trump stated in his post that the government used modern pressure tactics against them.None

Trump's election victory and Ulbricht's subsequent pardon are precursors to an era where majority principles might overshadow the rule of law.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bithumb Suspends POL Transactions for Network Upgrade

chest

Bithumb has announced a temporary halt on POL token transactions to support a crucial upgrade to the Polygon network.

user avatarZainab Kamara

SEC Rescinds SAB 121, Enhancing Crypto Custody Opportunities

chest

The SEC has rescinded Staff Accounting Bulletin 121, removing capital barriers for banks to offer crypto custody services, which is expected to enhance institutional participation in the crypto custody market.

user avatarSon Min-ho

SAPIEN's Price Movement and Market Metrics Indicate Bullish Potential

chest

SAPIEN's price movement and trading metrics suggest a bullish potential as it approaches key resistance levels.

user avatarAyman Ben Youssef

Ripple CEO Discusses the Role of Stablecoins in Crypto Adoption

chest

Ripple CEO Brad Garlinghouse emphasized the importance of stablecoins as a key pillar for crypto adoption and market stability during his speech at Binance Blockchain Week.

user avatarTando Nkube

Stellar's Market Traction Influences Financial and Leadership Dynamics

chest

Stellar's recent market traction is reshaping the financial landscape and leadership strategies within the cryptocurrency sector.

user avatarKofi Adjeman

Final Verdict on Bitcoin's Value Proposition

chest

The debate between Peter Schiff and CZ Changpeng Zhao highlights that Bitcoin's value is based on its unique attributes and global consensus, distinguishing it as a borderless monetary network.

user avatarSatoshi Nakamura

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.