NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Dread Pirate Roberts Walks Plank; Ross Ulbricht Given a Guilty Verdict

NewsBTC
NewsBTC
4 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Following the three week trial of Ross Ulbricht, the alleged drug kingpin behind the Silk Road underground marketplace has been found guilty on all counts.

January witnessed Ulbricht’s lawyer Joshua Dratel battling prosecutor Timothy Howard through any means necessary, despite the heavy evidence continually mounting against his client, the defendant now pinned as DPR.  At one point, Dratel even thought it would be smart to point the finger at Mark Karpeles, the former CEO of doomed bitcoin conglomerate Mt. Gox and suggest that he was the real culprit behind Silk Road, but ultimately all attempts to divert attention and guilt failed.

Ross Ulbricht Hiking LG WD

Earlier on Wednesday, the jury deliberated for only mere hours, and upon their return to the court, they seemed to have no qualms labeling Ulbricht as the real Dread Pirate Roberts and the operator of Silk Road.

The two biggest burdens to Ulbricht’s post-trial freedom came in the forms of FBI special agent Ilhwan Yum and IRS special agent Gary Alford.  Yum was able to trace almost 4,000 bitcoin transactions and over 700,000 bitcoins over a year-long period from Silk Road servers to Ulbricht’s personal computer.  Overall, over $13 million in bitcoin from the Silk Road marketplace was traced directly to Ulbricht’s laptop.

Special agent Gary Alford commented that Ulbricht did not do a particularly good job when it came to concealing his identity, and was able to link one of his aliases, ‘altoid,’ to Ulbricht via the popular cryptocurrency forum, Bitcointalk.  The forum held the first user mention of the term “Silk Road.”  The post was written by someone with the alias ‘altoid,’ and Alford was able to link the alias to the email address rossulbricht@gmail.com.  The post advertised a job opening for an IT specialist “to be the lead developer in a venture backed bitcoin start-up company.”

There were also transcripts regarding alleged murder-for-hire plots instigated by Ulbricht, although currently there is no evidence that these crimes took place and Ulbricht is not facing related charges in New York where his trial occurred.

Ulbricht is currently scheduled for sentencing on May 15th.

Images from DoJ.

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Comments 2

  1. Renioctib says:
    10 years ago

    When will the US Government be brought to trial for their war mongering ways or their US Marshall service be brought to trial for their sale of illegal gains? Or Draper for buying Bitcoin stolen from Silk Road? When will Google be brought to trial for their browsers that support pedofiles, murderers, spying and fraud? When will the Federal Reserve be brought to trial for handing sixteen trillion dollars over to the central bankers? It’s on public record.. “The Federal Reserve was secretly throwing around our money in unprecedented fashion, and it wasn’t just to the usual suspects like Goldman Sachs, JP Morgan, Citigroup, Bank of America, etc.; it was to the entire Global Banking Cartel. To central banks throughout the world: Australia, Denmark, Japan, Mexico, Norway, South Korea, Sweden, Switzerland, England … We are talking about trillions of dollars secretly pumped into global banks, handpicked by a small select group of bankers themselves. All for the benefit of those bankers, and at the expense of everyone else.”

    Reply
  2. Joseph Slabaugh says:
    10 years ago

    They need to appeal this case.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 2

  1. Renioctib says:
    10 years ago

    When will the US Government be brought to trial for their war mongering ways or their US Marshall service be brought to trial for their sale of illegal gains? Or Draper for buying Bitcoin stolen from Silk Road? When will Google be brought to trial for their browsers that support pedofiles, murderers, spying and fraud? When will the Federal Reserve be brought to trial for handing sixteen trillion dollars over to the central bankers? It’s on public record.. “The Federal Reserve was secretly throwing around our money in unprecedented fashion, and it wasn’t just to the usual suspects like Goldman Sachs, JP Morgan, Citigroup, Bank of America, etc.; it was to the entire Global Banking Cartel. To central banks throughout the world: Australia, Denmark, Japan, Mexico, Norway, South Korea, Sweden, Switzerland, England … We are talking about trillions of dollars secretly pumped into global banks, handpicked by a small select group of bankers themselves. All for the benefit of those bankers, and at the expense of everyone else.”

    Reply
  2. Joseph Slabaugh says:
    10 years ago

    They need to appeal this case.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Must Hold $106,000 And $98,000 To Avoid Breakdown

Bitcoin is currently holding just above the $108,000 level and bulls are maintaining momentum after a volatile start to July....

Scott Matherson 7 hours ago
Bitcoin

Bitcoin’s True Value Is Higher Than $110,000, Expert Warns

Bitcoin’s climb past $110,000 this week has reignited a fresh round of bullish calls. Prices hit $110,150 on July 3...

Christian Encila 9 hours ago
Bitcoin

Bitcoin Consolidation Continues: 2 Key Support Levels To Watch

Bitcoin (BTC) prices showed a sideways movement in the past day producing no significant changes. Following the recent rejection at...

Semilore Faleti 10 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Exchange Outflows Continue To Rise: Investor Confidence At An All-Time High?

Opeyemi Sule 3 hours ago
Bitcoin

Bitcoin Meets Heartbreak In Drake’s Latest Track—Details

Christian Encila 4 hours ago
Bitcoin

Are Bitcoin Retail Traders Back In The Market? On-Chain Data Suggests So

Opeyemi Sule 6 hours ago

Premium Sponsors

Press Releases

  • Make $8,000 a day in stable passive income easily –...

    3 hours ago
  • SunnyMining——A passive income tool that allows ordinary...

    4 hours ago
  • Cryptocurrency is the best way to get rich quickly, easily...

    19 hours ago
  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    1 day ago
  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaša XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    1 day ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.