• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Silk Road Founder Ross Ulbricht Marks a Decade in Prison Today

October 2, 2023
in Australian Crypto News
Reading Time: 2min read
0 0
A A
0
Silk Road Founder Ross Ulbricht Marks a Decade in Prison Today
0
SHARES
5
VIEWS
ShareShareShareShareShare

Ross Ulbricht, the founder of the darknet marketplace Silk Road, announced today, via his X (formerly Twitter) account, that he has completed ten years in prison. Allegedly, his family outside prison manages his account.

In 2013, Ulbricht was arrested and subsequently sentenced to two life imprisonment terms for his role in creating and operating Silk Road, an online platform involved in illegal activities that resulted in the seizure of billions of dollars worth of Bitcoin.

Ross Ulbricht Takes Sole Responsibility for Silk Road

In a post on X on October 1, Silk Road founder Ross Ulbricht discloses that today marks a complete decade in prison.

Ulbricht’s family is believed to have transcribed his thoughts, as he cannot access the internet in prison. In the post, he expresses his fears about the absence of any possibility of his eventual release from incarceration:

“One year for each finger on both hands. Today ends a full decade in prison. I sometimes fear I’ll spend the rest of my life behind concrete walls and locked doors.”

Supporters on X greeted him with an abundance of positive comments. Many implied that he has thoroughly learned from the significant time he has already spent in prison.

“The punishment should match the crime, and the one you were given does not even come close to that,” one user stated, another user highlighted that individuals have been released from prison for far more substantial offenses:

“The punishment didn’t suit the crime and people who have done much worse have had a chance of redemption.”

In November 2020, the largest crypto seizure in history occurred as the US government announced the confiscation of more than $1 billion in Bitcoin and other cryptocurrencies.

Read more: Bitcoin Halving Cycles And Investment Strategies: What To Know

Ulbricht’s Mother Affirms His Good Intentions

In October 2022, BeInCrypto conducted an exclusive interview with Ulbricht’s mother.

Lyn Ulbricht stresses that her son possessed good intentions. However, Silk Road ultimately evolved into a hub for criminal activities.

“He wants to solve problems and to help make the world a better place, which is a lot of why he loves Bitcoin, because it opens up prosperity for people who can’t get a bank account and people. That’s his idealism.”

She further touched on how hard it is having her son in prison. “When your loved one is in prison, you’re also doing time,” She declared. Moreover, she explained that she has devoted her life’s purpose to pursuing his rescue:

“I’ll go on with my life, although much of it is devoted to trying to save him.”

Read more: Bitcoin Pizza Day Explained: The Story of the First BTC Transaction

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.


Credit: Source link

ShareTweetSendPinShare
Previous Post

How Much Are Russian Banks Spending on CBDC Pilot?

Next Post

DOJ Plans to Call Former FTX Consumers, Investors, and Employees as Witnesses in Upcoming Samuel Bankman-Fried Trial

Next Post
U.S. District Court Hears Sam Bankman-Fried

DOJ Plans to Call Former FTX Consumers, Investors, and Employees as Witnesses in Upcoming Samuel Bankman-Fried Trial

You might also like

The End Of An Era? Shiba Inu Burns Slow To A Crawl As Investors Lose Interest

The End Of An Era? Shiba Inu Burns Slow To A Crawl As Investors Lose Interest

June 3, 2026
VeChain Foundation Releases Q1 2024 Treasury Report

Cardano’s TapTools Shuts Down Amid Exec Exodus, ADA Drops 6%

June 3, 2026
Coinbase Met With SEC Over Grayscale’s Proposed Ethereum ETF

Agentic Payments Hit 100 Million Transactions on Base as Machine-to-Machine Commerce Gains Traction

June 4, 2026
Strategy’s Bitcoin Bet Faces $11.2B Paper Loss as BTC Drops Below Average Buy Price

Strategy’s Bitcoin Bet Faces $11.2B Paper Loss as BTC Drops Below Average Buy Price

June 5, 2026
Solana Wave 4 In Progress: Relief Bounce Or Setup For A Fresh Decline?

Solana Wave 4 In Progress: Relief Bounce Or Setup For A Fresh Decline?

June 8, 2026
Creating Your First GitHub Repository: A Beginner’s Guide

GitHub Unveils Copilot App for Agent-Native Coding at Build 2026

June 2, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Top Analyst Says It’s Close—What Price Comes Next?

Top Analyst Says It’s Close—What Price Comes Next?

June 8, 2026
Ripple Partner Bank of America Unveils Global Payments Expansion Strategy

Ripple Partner Bank of America Unveils Global Payments Expansion Strategy

June 8, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.