Silk Road Founder Ross Ulbricht Marks 10 Years in Prison!

Creator: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.

Oct 2, 2023 16:29

Ross Ulbricht, the founding father of the previous on-line black market Silk Highway, marked 10 years behind bars on Oct. 2. Ulbricht was given a double life sentence by United States authorities in 2013, and he fears he’ll spend the rest of his life behind the bars. Silk Highway, which started in 2011, was run and operated by Ulbricht from his private laptop computer and had a cost system constructed on Bitcoin. Ulbricht was convicted in 2015 in federal courtroom within the U.S. for numerous fees referring to the operations of the Silk Highway. Silk Highway website facilitated gross sales amounting to 9,519,664 Bitcoins between February 2011 and July 2013 and took a fee of 600,000 bitcoins.