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Posts Tagged ‘Ross Ulbricht’

The New York district judge presiding over the criminal case against Ross Ulbricht, the alleged creator of underground online drug market Silk Road, has decreed that cryptocurrency Bitcoin is functionally the same thing as real money. Ulbricht had argued that he could not be charged for money laundering for his alleged part in creating Silk Road, […]

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By Jonathan Stempel NEW YORK (Reuters) – The man accused of creating Silk Road, which U.S. authorities said was an online drug marketplace, lost his bid on Wednesday to dismiss a federal indictment accusing him of conspiring to deal illegal narcotics and launder money. Ross Ulbricht, who prosecutors said was known online as “Dread Pirate […]

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Its put up for auction the more than 29,000 bitcoins that it seized from the underground drug sales site Silk Road earlier this year, all of which are currently valued at close to $18 million. Notably, these bitcoins do not include those taken from Silk Roads alleged leader, Ross Ulbricht, who was arrested late last year and charged with narcotics […]

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