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Ross Ulbricht has reached the 10-year mark of his double life sentence in prison after having his laptop seized by the FBI in 2013.

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by COINS NEWS 33 Views

Ross Ulbricht has reached the 10-year mark of his double life sentence in prison after having his laptop seized by the FBI in 2013.

The founder of the former Silk Road online black market, Ross Ulbricht, marked 10 years behind bars after he was given a double life sentence by United States authorities in 2013. Ulbricht posted on X (formerly Twitter) that he has already spent a full decade in prison and fears he will spend the remainder of his life “behind concrete walls and locked doors.” He said all he can do now is “pray for mercy.”

https://preview.redd.it/yvcn79fhdtrb1.png?786&format=png&auto=webp&s=c7ae8217ed5413bb851842f834aa4b4e2765e278

Silk Road started in 2011 and was run and operated by Ulbricht from his personal laptop under the username “Dread Pirate Roberts.” It is known as the first modern darknet market with a payment system built on Bitcoin. However, on Oct. 1, 2013, the U.S. Federal Bureau of Investigation (FBI) seized the laptop.

Ulbricht was convicted in a U.S. federal court in 2015 for various charges relating to the operations of the Silk Road. He was sentenced to two life terms plus forty years and no possibility of parole.

According to the court documents from the case, the Silk Road site facilitated sales amounting to 9,519,664 Bitcoin between February 2011 and July 2013 and took a commission of 600,000 Bitcoin.

At the time of publication of the court documents, this equaled approximately $1.2 billion in sales and around $80 million in commissions.

Ulbricht’s case has received widespread attention, with many echoing calls for the website’s founder to be shown clemency.

According to a website fighting for freedom for Ulbricht, over 250 organizations have backed these calls, and half a million people have signed a virtual petition to free Ulbricht. He has also found great support among the crypto and Bitcoin communities.

submitted by /u/cointelegraph1
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