Home Cryptocurrency Silk Road founder marks 10 years into his double life sentence in prison

Silk Road founder marks 10 years into his double life sentence in prison

by Harry Garcia

Ross Ulbricht, the founder of the infamous online black market Silk Road, recently marked a decade behind bars. In 2013, he was given a double life sentence by United States authorities, and he fears that he will spend the rest of his life “behind concrete walls and locked doors.” Ulbricht acknowledged that his poor choices led him to his current situation and expressed his desire for mercy.

Silk Road, which began in 2011, was the first modern darknet market and operated under the username “Dread Pirate Roberts.” It utilized Bitcoin as its payment system. However, on October 1, 2023, the FBI seized Ulbricht’s laptop, leading to his subsequent conviction in 2015 on various charges related to Silk Road’s operations. He received two life terms, plus forty years, without the possibility of parole.

During its operation, Silk Road facilitated sales amounting to 9,519,664 Bitcoins between February 2011 and July 2013, with commissions totaling 600,000 Bitcoins. These figures equated to approximately $1.2 billion in sales and $80 million in commissions, according to court documents.

Ulbricht’s case has gained significant attention, with calls for clemency from numerous organizations and half a million people signing a virtual petition for his release. The crypto and Bitcoin communities have also shown their support for Ulbricht.

However, opinions on Ulbricht’s punishment vary. While many believe his sentence was unjust, others point to claims that he allegedly hired hitmen to have people killed, even though this was not officially charged against him. Additionally, some argue that Silk Road facilitated illegal activities, such as sex trafficking and the drug trade, and was used by “terrible people.”

Online debates persist, with some defenders of Ulbricht arguing that similar illegal activities occur on modern social media platforms. They highlight the discrepancy in sentences, citing the example of other Silk Road participants who received much shorter prison terms or are now free.

Ulbricht’s case raises questions about the nature of punishment, the role of darknet markets, and the fairness of sentencing. As the debate continues, it remains to be seen whether Ulbricht will receive the mercy he hopes for or continue to serve his life sentence.

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