Tag: Ross Ulbricht

Crooked Silk Road Investigator Receives Additional Two-Year Jail Sentence

Bitcoin enthusiasts will recall an individual going by the name of Shaun Bridges. During the Silk Road investigation, Bridges was one of two US officials who stole bitcoins taken from Ross Ulbricht and his darknet marketplace. In a startling turn of events, Bridges will serve an additional two years in jail for money laundering. The sentence is well-deserved, although the punishment may not be severe enough. Shaun Bridges Remains in Jail The entire …
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Money Raised From Silk Road Bitcoins Is Now Property of the US

Most cryptocurrency enthusiasts will recall how the US Justice Department seized over 144,000 BTC during the Silk Road shutdown. Said bitcoins have always belonged to Ross Ulbricht, who argued the money didn’t belong to the DOJ in the first place. Unfortunately, his appeal was rejected, effectively netting the government institution a US$48 million payday. It’s another major plot twist in the world of Bitcoin and Silk Road, albeit not a positive …
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Ulbricht Loses Appeal

Two years after the darknet market Silk Road launched, the FBI shut it down, and seized the Bitcoin funds of sellers and buyers that were held there. They proceeded to arrest the person they felt was the owner and founder, Ross William Ulbricht. Ulbricht’s pseudonym on the site’s forums was “Dread Pirate Roberts” or “DPR” for short. Just a few days ago, Ulbricht lost his appeal and will serve life in …
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4 Notorious Individuals who Influenced the Bitcoin Ecosystem

Throughout the past few years, there have been quite a few people who gained fame thanks to Bitcoin. In some cases, this did not cause major harm, other than a few hurt egos. Some others have even faced jail time for their actions related to Bitcoin. It is important to look back at some of the infamous names who are an integral part of the Bitcoin history book. #4 Craig …
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