Report Claims US President Trump Considering Clemency for Ross Ulbricht

Report Claims US President Trump Considering Clemency for Ross UlbrichtAccording to two anonymous sources, U.S. President Donald Trump is considering clemency for Ross Ulbricht. White House reporters Asawin Suebsaeng and Adam Rawnsley claim sources detailed that Trump “has expressed sympathy” for Ross Ulbricht and his double life sentences. Ross Ulbricht may get clemency from the sitting U.S. President Donald Trump if the American leader […]

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Movie based on darknet market Silk Road premiering in February

The film will reportedly focus on what led to Ross Ulbricht’s arrest as the founder of the darknet marketplace.

Silk Road founder Ross Ulbricht’s story is coming to the silver screen in 2021 following an announcement from major entertainment company Lionsgate.

According to Deadline, Lionsgate has acquired the rights to the Silk Road movie and plans to release the feature in theaters and online starting on Feb. 19. The film will reportedly be based on the 2014 Rolling Stone article Dead End on Silk Road, focusing on the lead up to Ulbricht’s arrest as the founder of the darknet marketplace.

Nick Robinson, the 25-year-old American actor from Jurassic World, will portray Ulbricht, who is now 36 and serving two life sentences in federal prison. He was found guilty of money laundering, computer hacking, and conspiracy to traffic narcotics.

Ulbricht’s story has appeared in major media on more than one occasion. Last month, CBS aired a documentary about the takedown of the Silk Road dark web marketplace featuring an interview with Ulbricht’s ex-girlfriend. The Silk Road movie was originally scheduled to premiere at the Tribeca Film Festival in April, but the event was cancelled due to the pandemic.

The Silk Road founder was arrested by the FBI in 2013 and will spend the rest of his life in prison without the possibility of parole. Ulbricht still provides occasional analyses on the Bitcoin market on his Medium blog from the U.S. Penitentiary in Tucson.

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Silk Road Bitcoin Seizure: Analytics Firm Claims Tokens Worth Millions Still Outstanding

Analytics firm Coinfirm says the US Department of Justice (DOJ)’s seizure of digital assets associated with the now-defunct Silk Road left behind tokens worth millions of dollars. According to Coinfirm, there are still valuable balances held on forked addresses originating from that wallet. On November 5, the DOJ announced that a hacker known as Individual […]

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Chainalysis Launches Program to Store and Sell Seized Crypto Assets for Governments

Chainalysis Launches Program to Store and Sell Seized Crypto Assets for GovernmentsThe blockchain intelligence and surveillance company Chainalysis revealed the launch of a new program that aims to help governments and insolvency practitioners sell seized cryptocurrencies. The news follows the recent U.S. government seizure of more than 69,000 BTC worth over $1 billion on November 3. Blockchain surveillance firm Chainalysis announced the launch of a new […]

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CBS doco on Silk Road throws spotlight on Ross Ulbricht

The Silk Road saga gets more airtime on the latest CBS News documentary

Mainstream U.S. media outlet CBS is airing a documentary tonight on the takedown of the Silk Road dark web marketplace.

It features an interview with Julia Vie, former girlfriend of Silk Road founder Ross Ulbricht who claims ‘Dread Pirate Roberts’ wasn’t motivated by money — to the point where he didn’t even own a car — and that he was not a drug pusher.

In 2015 Ulbricht was found guilty of charges including aiding and abetting the distribution of narcotics, fraudulent ID trafficking, and money laundering in 2015 and received two life sentences plus 40 years.

There are calls for his release in an ongoing campaign popular with some in the crypto community. Proponents claim that he should be freed as he was a first-time offender, and all charges were non-violent in nature.

The FBI Declassified: The Dangerous Journey on the Silk Road’ aims to bring viewers closer to the FBI investigation that took down the illicit marketplace that brought Bitcoin into public consciousness as the primary method of payment.

In the documentary FBI special agents discuss how the Silk Road was used for all kinds of illicit activity such as the sales of drugs, weapons, poisons, computer hacking services, and even discussion on murders-for-hire.

Julie Vie says in excerpts released from the documentary that she remembered him coming up with the name.

“He said something about […] the Silk Road in Asia […] and how it was a huge network […] And that’s what he wanted to create, so he thought it was the perfect name.”

She added that he spent “practically 24/7” on his computer and their relationship fell apart soon after Ulbricht launched Silk Road. Stating that she knew it was something shady, but had no idea it was as big as it was, Vie continued;

“I think he knew he was going to get caught — and end up being a martyr for his cause,”

FBI agents working on the case cited drug addiction and deaths as the primary reason the government wanted to shut down Silk Road. After several failed attempts, they finally got lucky through a “coding error on the site” that ultimately led them to Ulbricht.

In the interview, Vie stated that Ulbricht was not street smart, adding;

“He was not at all a drug kingpin […] He never even used the money he made […] I mean, most kingpins buy furs and jewels and they’re living the life. He didn’t even have a car!”

Last week the United States Department of Justice seized around $1 billion in Bitcoin and a handful of other cryptocurrencies from a  Silk Road wallet that had been untouched since 2015.

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