• 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

a year 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

Winslow Strong Executes Massive Crypto Transfer to Coinbase

chest

Winslow Strong has executed a massive transfer of $326 million in digital assets to Coinbase, raising questions about market sentiment and liquidity strategies.

user avatarRajesh Kumar

Grayscale Partners with CoinDesk to Enhance Brand Visibility

chest

Grayscale has partnered with CoinDesk to sponsor its app, aiming to enhance user engagement and brand visibility across digital platforms.

user avatarLucas Weissmann

Market Cap Disparities Highlight Gaps in Crypto Valuations

chest

In 2025, significant discrepancies between market capitalizations and initial valuations of VC-backed crypto projects have emerged, prompting a reassessment among investors.

user avatarEmily Carter

Repercussions Across the Crypto Industry Due to Valuation Gaps

chest

The crypto industry is experiencing significant repercussions as investors grapple with valuation gaps, leading to a market reset.

user avatarFilippo Romano

Experts Warn of AI Bias and the Need for Decentralization

chest

Experts raise concerns about algorithmic bias in AI chatbots and emphasize the need for decentralized systems to ensure accuracy and impartiality.

user avatarTomas Novak

XRP and Chainlink Maintain Strong Market Presence

chest

XRP and Chainlink continue to attract institutional interest, showcasing their reliability in the crypto market.

user avatarKaterina Papadopoulou

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.