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Market News

Silk Road Founder Ross Ulbricht Marks 10 Years Behind Bars

Ross fears he will have to spend the remainder of his life “behind concrete walls and locked doors.”

Written By:
Ronak Kumar

Last updated: October 2, 2023 12:47 PM
Published October 2, 2023 12:47 PM
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Last updated: October 2, 2023 12:47 PM
Published October 2, 2023 12:47 PM
Silk Road Founder Ross Ulbricht Marks 10 Years Behind Bars

In 2015, Ross Ulbricht, the brain behind the Silk Road online marketplace, was given a double life sentence and he marked ten years of imprisonment yesterday.

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. But I have no one else to blame. It's my poor choices that led me here.

All I can do now is pray for mercy.

— Ross Ulbricht (@RealRossU) October 1, 2023

He tweeted yesterday on Twitter that he fears he will have to spend the remainder of his life “behind concrete walls and locked doors.” He said, “All I can do now is pray for mercy.”

In 2013, Silk Road facilitated transactions that amounted to $1.2 billion using Bitcoins and received $80 million in commissions.  He was sentenced to two life terms plus forty years and no possibility of parole.

The fans of Ulbricht claim that his sentence is too severe when compared to other people involved in the marketplace who received shorter prison terms, and some of them are even free.

There is also a DAO called “FreeRossDAO,” who bought Ross’s NFT collection for 1446 ETH, with the goal of freeing Ross, advancing prison reform, and sharing Ross’s work with the world. 

The prosecution relies on the FBI seizure of the laptop in 2013 that resulted in Ulbricht’s arrest and eventual conviction. While some call for his release given the length of his sentence, others cite allegations that he was involved in questionable activities, including hiring hitmen.

The Silk Road saga still asks questions regarding the punishment of online criminal activities, as other platforms are used for similar transactions. Ulbricht’s case is still a subject of intense debate, with the supporters arguing to reassess his sentence.

Also Read: US Government Moves $300M in Bitcoin Tied to Silk Road Case

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Ronak Kumar- Crypto Journalist at The Crypto Times
By Ronak Kumar
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Ronak Kumar is a Crypto Journalist with over 3 years of experience covering blockchain, AI, finance, and emerging digital trends. With a background in Commerce (B.Com) and a Postgraduate Diploma in Management (PGDM), he combines business insight with a clear understanding of the evolving crypto space. His reporting has been featured in major publications, with his work cited by NDTV, Hindustan Times, and Outlook India on topics like Trump Memecoin, Bhutan’s crypto mining, and Barron Trump’s digital presence.

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