It’s Life In Prison For Silk Road’s Ross Ulbricht

The founder of the notorious online drug marketplace has been handed a hefty sentence

May 29, 2015 at 5:03 PM ET

Ross Ulbricht, the creator of Silk Road, was sentenced to life in prison in the Manhattan Federal District Court on Friday. Ulbricht founded and ran the infamous dark net, Bitcoin-based drug emporium for three years, during which more than 1.5 million transactions were made between thousands of seller accounts and more than 100,000 buyer accounts, reported the New York Times.

Ulbricht was convicted in February of drug trafficking, money laundering and engaging in a criminal enterprise. At the time, prosectors also accused the 31-year-old of hiring assassins to murder those he viewed as threats to him and the success of Silk Road, which he ran under the name Dread Pirate Roberts. Due to the litany of charges Ulbricht faced and its severity, he faced a mandatory minimum sentence of 20 years in prison.

Ulbricht’s defense argued that Silk Road made drug dealing safer than traditional drug markets, but the government argued that the online drug marketplace “dramatically lowered the barriers to obtaining illegal drugs,” and had “provided a one-stop online shopping mall where the supply of drugs was virtually limitless,” according to the New York Times.

There is still a pending case open against Ulbricht in Maryland, in which he faces charges for orchestrating a murder for hire. In March, it was uncovered that two FBI agents extorted millions of dollars worth of Bitcoin from the Silk Road founder throughout the FBI investigation.

Read More:

Ross Ulbricht, Creator Of Silk Road Website, Is Sentenced To Life In Prison (The New York Times)
The Fallen Kingpins Of Silk Road (Vocativ)
Where Drug On The Dark Net Come From (Vocativ)
Beyond Ross Ulbricht: A Map of Dark Net Arrests Around the World (Vocativ)
Who’s The Rat In The Silk Road Trial? (Vocativ)