News
Chainalysis told WIRED that it tracked a $31 million Bitcoin donation to online black market Silk Road founder Ross Ulbricht to a successor marketplace called Alphabay.
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Silk Road News
The Silk Road was a darknet market best known as a platform for selling illegal goods. It operated as a Tor hidden service to exclude traffic monitoring, which was convenient for criminals to deliver their services through the network. Silk Road was launched in February 2011 and already had 10,000 products for sale 70% of which were drugs by March 2013.
Although there were a lot of illegal products on the site, there were also restrictions: child pornography, stolen credit cards, assassinations, and weapons of any type were banned for sale and exchange. The site provided some legal goods as well, such as apparel, art, books, cigarettes, erotica, jewelry, and writing services.
The Silk Road was shut down in October 2013 by the FBI, whose agents also arrested Ross William Ulbricht, the founder of the system. There were two attempts to recreate the Silk Road, but both of them have been unsuccessful. The latest news on the Silk Road promises no further attempts.
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ZachXBT says both the wallet addresses that sent Silk Road founder Ross Ulbricht 300 Bitcoin were active in 2014 and 2019 while he was in prison.
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Ross Ulbricht’s auction of personal belongings fetched more than $1.8 million in Bitcoin, with standout items like his prison ID card and artwork drawing top bids.
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The US Strategic Bitcoin Reserve will initially be funded by Bitcoin forfeited to the Treasury, which controls an estimated 198,109 Bitcoin forfeited or seized in criminal cases.
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Less than two months after receiving a pardon from US President Donald Trump, Silk Road founder Ross Ulbricht attended a March 4 joint session of Congress.
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Wallets tied to recently freed Silk Road creator Ross Ulbricht listed tokens at the wrong price, which were then snapped up by a bot.
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The Silk Road founder’s financial status was unclear, but many crypto users have donated to his ”transition into his new life” since he received a presidential pardon.
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The Silk Road creator walked free on Jan. 22 after 12 years in prison. Wallets tied to him are rumored to be worth around $47 million.
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The Silk Road founder received a pardon from US President Donald Trump on Jan. 21 after being sentenced to life in prison in 2015.
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US President Donald Trump has followed through on his promise to pardon Ross Ulbricht, the founder of the online drug market Silk Road, who was imprisoned for over a decade.
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Donald Trump pledged to pardon Ross Ulbricht on his first day in office, likely making his name appealing to scammers ahead of the US presidential inauguration.
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Neutral in the short-term, bullish in the long-term. With that view in mind, pro traders explain that a certain “player versus player” mindset is at play in the crypto market this month.
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“There is no price where it makes sense for the US to sell any Bitcoin it has under its control,” said Space Force Major Jason Lowery.
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A wallet that contained Bitcoin associated with the 2021 seizure from an individual who stole crypto from the Silk Road marketplace has moved.
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Ross Ulbricht, sentenced to life in prison without the possibility of parole in 2015, asked Donald Trump for a “second chance” at freedom.
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