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Ross Ulbricht, Creator of Silk Road Website, Is Sentenced to Life in Prison

Stashed in: Habits, Bitcoin, Hack, Security - Cyber, Bitcoin, #basedgod, C.R.E.A.M.

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Mr. Ulbricht’s novel high-tech drug bazaar operated in a hidden part of the Internet sometimes known as the dark web, which allowed deals to be made anonymously and out of the reach of law enforcement. In Silk Road’s nearly three years of operation, over 1.5 million transactions were carried out involving several thousand seller accounts and more than 100,000 buyer accounts, the authorities have said.


Transactions were made using the virtual currency Bitcoin, and Mr. Ulbricht, operating under the pseudonym Dread Pirate Roberts, took in millions of dollars in commissions, prosecutors have said. They said Mr. Ulbricht had “developed a blueprint for a new way to use the Internet to undermine the law and facilitate criminal transactions,” and that his conviction was “the first of its kind, and his sentencing is being closely watched.”

Judge Forrest echoed that message. “What you did was unprecedented,” she told Mr. Ulbricht, “and in breaking that ground as the first person,” he had to pay the consequences. Anyone who might consider doing something similar, the judge added, needed to understand clearly “and without equivocation that if you break the law this way, there will be very serious consequences.”

Wow they're really making an example of him. 

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