Silk Road


Markets

Silk Road Founder Ross Ulbricht Pardoned by President Trump

The Silk Road founder in 2015 had been sentenced to life in prison without the possibility of parole.

Ross Ulbricht set to be freed from prison (CoinDesk Archives)

Markets

Market Fears of Potential Selling Pressure From Possible Silk Road Sale is Overblown: Van Straten

Since September, the market has absorbed over 1 million bitcoins, while the price has gone from around $60,000 to over $100,000.

Department of Justice (Shutterstock)

Markets

Silk Road Bitcoin Worth Nearly $2B Moved to Coinbase Prime

The transfer could spark selling pressure in the market as it indicates that the U.S. government is preparing to sell or has already sold the assets.

Silk Road

Markets

Donald Trump More Likely to Pardon Jan. 6 Protestors Than Silk Road Founder: Polymarket

The President-Elect promised pardons for the protestors and to commute Ulbricht's sentence when he was on the campaign trail.

A photo of Ross Ulbricht, AKA Dread Pirate Roberts

Markets

Bitcoin Falls After U.S. Sends $240M Worth of Silk Road-Related BTC to Coinbase

About 4k bitcoin had been seized from narcotics trafficker Banmeet Singh at his January 2024 trial.

Risks of a deeper pullback are growing for BTC (mana5280/Unsplash)

Markets

Silk Road Bitcoin Worth $2B Moved by U.S. Government: On-Chain Data

The last confirmed government sale was just more than a year ago.

(Shutterstock)

Markets

Jimmy Zhong Arrest Details Revealed in New Report

Zhong is now serving a one-year sentence related to the theft of bitcoin from the Silk Road marketplace.

(Shutterstock)

Videos

Criminal Defense Attorney Reacts to Tornado Cash Indictment, SBF's Defense Strategy

Two Tornado Cash developers face allegations of money laundering and sanctions violations. Tully & Weiss Criminal Defense Attorney Joseph Tully discusses his reaction, drawing parallels to the legal considerations of Napster and Silk Road. Plus, what to make of the latest developments around Sam Bankman-Fried as the FTX founder settles on a defense strategy ahead of his criminal trial this October.

Recent Videos

Videos

Bitcoin Reaction as Inflation Eases; Could Elon Musk Rival ChatGPT Next?

“CoinDesk Daily” host Jennifer Sanasie discusses the hottest stories in crypto, including bitcoin's reaction after the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May. Plus, on-chain data reveals how much Silk Road-linked bitcoin the U.S. government recently moved. And, Elon Musk announces his new AI company, xAI, that states its mission is to "understand the true nature of the universe."

Recent Videos

Finance

Silk Road–Linked Bitcoin Worth $300M Moved by U.S. Government: On-Chain Data

The U.S. government previously sold 9,861 bitcoin for $216 million in March.

U.S. government moves bitcoin (Blockchain.com)