RFK Jr. promises to pardon Silk Road’s Ross Ulbricht if elected
“Yes, illegal activity took place there, but come on,” the Presidential hopeful wrote as he denounced Ulbricht’s draconian sentence. Go to Source
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Trump promises to release Silk Road founder Ross Ulbricht if re-elected
Former United States President Donald Trump vows to free Silk Road founder Ross Ulbricht if re-elected. Go to Source
US government among largest Bitcoin hodlers with over $5B in BTC: Report
The $5 billion estimation is based on three major seizures linked to the Bitfinex hack and Silk Road, meaning the actual holdings could be much larger. Go to Source
Silk Road founder marks 10 years into his double life sentence in prison
Ross Ulbricht the founder of the first “modern darknet market” has reached the 10-year mark of his double life sentence in prison after having his laptop seized by the FBI in 2013. Go to Source
US government moves nearly 10K Bitcoin worth over $300M related to Silk Road seizure
The government previously promised to liquidate approximately 40,000 remaining BTC from the seizure in “four more batches” over the remainder of the calendar year. Go to Source Powered by WPeMatico
Bitcoin fees plummet 95% as BTC price recovers from US gov’t scare
Bitcoin was not subject to U.S. government selling this week, analysis shows, but BTC price action remains pressured. Go to Source Powered by WPeMatico
Bitcoin Whale Transfers $13 Million Worth of Dormant Coins Dating Back to 2012 and 2013
Following the transfer of $60 million worth of bitcoins on April 19, after more than nine years of dormancy, another whale has made its move. The whale, who acquired 1,129 bitcoins in 2012 and 2013, has transferred 464 bitcoins worth $13 million for the first time in nine years. 464 Bitcoin Move From an Old … Read more
Silk Road Hacker Sentenced to a Year in Prison for Wire Fraud
On April 14, 2023, the Department of Justice (DOJ) for the Southern District of New York revealed that the hacker responsible for the Silk Road marketplace breach had been sentenced to a year in prison for wire fraud charges. James Zhong stole more than 50,000 bitcoin from the darknet marketplace (DNM) in September 2012. DOJ … Read more
Individual behind $3.4B Silk Road Bitcoin theft sentenced to one year in prison
James Zhong pleaded guilty to the wire fraud charges in November 2022 and had been awaiting sentencing for his role in the “unlawfully obtained” Bitcoin scheme. Go to Source Powered by WPeMatico
US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker
According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this calendar year.” U.S. Government Discloses Strategy for Selling Confiscated Bitcoin The U.S. government, one of the … Read more
