Ross Ulbricht: Happy Birthday, Bitcoin!

Golden bitcoins on color background
Ross Ulbricht, the creator of Silk Road, has written a heartfelt letter outlining his affection for Bitcoin to commemorate its 10th birthday.

Ross Ulbricht, famed for creating the now-defunct online marketplace Silk Road, has once again made global headlines although this time it has nothing to do with his endless legal woes but everything to do with his heartfelt letter to Bitcoin to mark its 10-year anniversary.

Ulbricht’s connection to Bitcoin is significant, considering his massive impact on the growth and development of Bitcoin through Silk Road.

The letter, which he wrote while still in his prison cell, metaphorically portrays an estranged father (Ulbricht) addressing his child (Bitcoin) and is filled with admiration at how far the currency has come since its inception.

In the Beginning…

A decade back, Bitcoin was just but a vague idea scribbled on a paper by the anonymous Satoshi Nakamoto. Currently, however, it is set to become a once-in-a-century class of new asset.

In its journey down the years, there have been numerous individuals who have popularized this cryptocurrency and shaped it into the dominant force it now is.

Nonetheless, only a few, if any, have had a more significant influence on its development and popularity than Ulbricht, mainly when he was running Silk Road.

Silk Road, despite turning into a hub for illegal trading of drugs, assassination contracts and firearms was precisely the platform that almost single-handedly sparked the development and popularity of Bitcoin as a medium of exchange.

It is the connection with these illegal activities, however, that led to Ulbricht being subsequently tracked down by the authorities, prosecuted in 2015, and ultimately sentenced to double life imprisonment as well as an additional 40 years without possibility of parole.

About the Letter

Closeup of bitcoin digital currency and gold nugget or gold ore on white background, precious stone or lump of golden stone, Cryptocurrency money financial and business concept idea.
Ross Ulbricht, famed for creating the now-defunct online marketplace Silk Road, has once again made global headlines although this time it has nothing to do with his endless legal woes but everything to do with his heartfelt letter to Bitcoin to mark its 10-year anniversary.

Writing about the 10-year Bitcoin birthday from his prison cell, Ulbricht outlined his affection for how Bitcoin has grown over the years.

In the letter, which was published in Bitcoin Magazine, Ulbricht described his relationship with Bitcoin by comparing himself to a somewhat alienated father addressing his child although from behind bars.

Ulbricht continued his narrative by comparing Bitcoin to a kid aged 10 years old, arguing that it is still quite young and still developing gradually.

He also went on to predict that the coming 10 years for Bitcoin would be like passing through adolescence, outlining that the franchise is yet to uncover its true meaning, but it would ultimately achieve maturity.

According to him, the next 10 years would allow us to discover Bitcoin’s capability, its various uses, as well as its influence on our everyday activities. He also referred Bitcoin as “our gifted child,” stating that it will surpass everyone’s expectations.

Ulbricht was also quick to stress on the significance of upholding the distinct values on which the currency was created, as well as of the individuals who inspired its potency.

He also highlighted a few key factors including privacy, decentralization and empowerment of individuals, urging Bitcoin advocates to represent it adequately.

In fact, according to him, these advocates will determine how far Bitcoin spreads its wingspan.

Finally, Ulbricht concluded by stating how excited he is for what the next decade would mean for both Bitcoin and other cryptocurrencies, referring to the latter as Bitcoin’s crypto cousins.

Moreover, he also outlined that he hopes he can ultimately make a return to his home to not only pursue his true passion but also make up for the lost years.

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Silk Road Lawyer to Defend WikiLeaks against DNC Lawsuit

The high-profile lawyer who represented Silk Road founder Ross Ulbricht is set to defend WikiLeaks against a multimillion-dollar lawsuit.

ANNOUNCEMENT: Silk Road is BACK ONLINE NOW as Silk Road 3.1 and open for business. The team did a change and upgrade for a reason we can only assume for security.

>> Click here to find the Silk Road 3.1 Guide <<

Closeup of WikiLeaks website website under a magnifying glass. WikiLeaks is an international non-profit organisation that publishes secret information
The New York lawyer who represented Silk Road founder Ross Ulbricht has signed on to defend WikiLeaks against a Democratic National Committee lawsuit.

The lawsuit was filed by the Democratic National Committee (DNC) regarding Russian interference in the 2016 U.S. presidential election. Attorney Joshua Dratel notified the Manhattan judge who is overseeing the lawsuit that he would be WikiLeaks’ legal representative.

Who Is Joshua Dratel?

WikiLeaks tweeted the New York attorney’s notice to the court. The organization also posted a statement fromDratel saying that the DNC lawsuit against WikiLeaks lacks merit and it presents crucial issues concerning the First Amendment that the defense will be seeking to litigate.

Dratel has become well known as a representative for high-profile defendants in complex federal cases such as terrorism prosecutions.

Dratel was the first civilian attorney to represent a Guantanamo Bay prisoner. However, he is best known for representing Ross Ulbricht, the convicted founder and operator of the infamous dark web market Silk Road.

Allegations Against WikiLeaks

Six months ago, DNC Chair Tom Perez announced the 66-page civil lawsuit, which sues the Russian government, Donald Trump’s campaign and operatives, WikiLeaks and founding editor Julian Assange.

According to the lawsuit, the DNC alleges that leading Trump campaign officials were involved in a conspiracy with the Russian government to hurt presidential candidate Hillary Clinton and sway the election in favor of Trump. This was achieved through the hacking of Democratic Party systems.

Russian intelligence agency GRU has been identified publicly as the actor behind the DNC intrusion.

In July 2016, WikiLeaks released nearly 20,000 emails which were stolen from the DNC breach. At the time, then-candidate Trump actively praised WikiLeaks during his campaign rallies and on Twitter. Donald Trump Jr., who is also named as a defendant in the civil lawsuit, promoted the leaks via Twitter while carrying out private communication with Assange.

The DNC stated that WikiLeaks published the stolen material with the knowledge that the act would benefit the Russian government, Russian agents and Russian instrumentalities.

The lawsuit added that WikiLeaks’ and Assange’s goals were to promote Trump by undermining Clinton.

According to the DNC, Clinton and Assange have a long history of policy disagreements. They argue that this means the WikiLeaks founder would have preferred a Trump presidency since it would be less problematic for the organization.

Aim of the DNC Lawsuit

An concept Image of a lawsuit
The high-profile lawyer who represented Silk Road founder Ross Ulbricht is set to defend WikiLeaks against a multimillion-dollar lawsuit.

The other defendants in the DNC’s lawsuit include campaign staff or Trump advisors including Jared Kushner, Donald Trump Jr. and Roger Stone. It is worth noting that President Donald Trump himself is not a defendant in the case.

The aim of the lawsuit is seeking compensation for the damages and losses the DNC suffered as a result of the intrusion and leaks. The amount of compensation at play is unspecified, although it can easily be in the millions.

The investigation into Russian interference of the 2016 election led by Special Counsel Robert Mueller is still ongoing.

Joshua Dratel is defending WikiLeaks but has not signed on to representing Julian Assange.

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Silk Road Founder Ross Ulbricht’s Petition for Clemency Signed by U.S. Senate Candidate

It is now nearly four years since Ross Ulbricht was convicted of operating the Silk Road dark web marketplace and handed a double life sentence plus 40 years.

ANNOUNCEMENT: Silk Road is BACK ONLINE NOW as Silk Road 3.1 and open for business. The team did a change and upgrade for a reason we can only assume for security.

>> Click here to find the Silk Road 3.1 Guide <<

clemency word in a dictionary. clemency concept
U.S. Senate candidate Eric Brakey of Maine has signed a petition for President Trump to grant clemency to convicted Silk Road founder Ross Ulbricht.

Since his conviction, a petition for clemency has been filed at Change.org seeking a re-evaluation and reduction of the sentence.

This petition is about the only chance left for Ulbricht to ever walk free with the odds greatly against him.

However, the petition has recently received a boost from an unlikely source—Maine State Senator Eric Brakey, who is currently campaigning as nominee for the U.S. Senate seat in 2018.

The Republican Senate candidate noted through a tweet back in August that he had signed the Change.org petition requesting President Donald Trump to grant clemency.

Senator Brakey also promised to visit Ulbricht the next time he visits Colorado. Ulbricht is currently imprisoned at the Florence High United States Penitentiary.

In a subsequent tweet made a month later in September, Brakey also pointed out the unfair handling of Ulbricht’s case by the U.S. criminal justice system.

With the Senate election coming up in November, the Silk Road founder may have a powerful voice on his side advocating for his freedom.

Senator Brakey added that he would present the issue to President Trump if he wins the coming election.

Silk Road Case Details

Although Ulbricht did engage in a criminal activity, many people share Brakey’s views on the manner that Ulbricht’s prosecution was handled and the harsh sentence that followed.

Ulbricht was convicted on seven counts related to the operation of the Silk Road marketplace. These included narcotics and money laundering.

The 2nd U.S. Circuit Court of Appeals upheld his conviction and sentences in 2017. The U.S. Supreme Court also denied his petition for a writ of certiorari in June 2018.

This prevents Ulbricht from appealing before the Supreme Court, leaving presidential intervention as his only hope of freedom.

The Severity of Ulbricht’s Sentence

man holding clipboard in hand writes petition. Isolated icon on white background. Vector illustration flat design.
Since his conviction, a petition for clemency has been filed at Change.org seeking a re-evaluation and reduction of the sentence.

According to several human rights groups and activists, the investigation and sentencing of Ulbricht violated his Fourth and Sixth Amendment rights.

The investigation and trial were rife with abuse and notable concerns. There were allegations of prosecutorial misconduct, investigative corruption, reliance on unproven allegations and constitutional rights violations.

These allegations serve as reasons as to why Ulbricht needs to receive clemency or be allowed to appeal his case before federal courts.

Many people including Alex Winter, a film director who made a documentary about the Silk Road, regard Ulbricht’s sentence as unjust and draconian.

It is worth noting that this is not the first petition seeking freedom for the Silk Road founder. A similar petition was started seeking a pardon from former President Barack Obama.

This petition became dormant back in 2015 after receiving close to 2,000 signatures.

But the 2018 petition is gaining traction quick, unlike its predecessor. According to the petition’s Change.org page, more than 92,000 people have signed on their support—and those numbers keep going up as the weeks go on.

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Silk Road Admin Pleads Guilty to Drug-Related Charge

Gary Davis’s short stint as a site administrator on Silk Road has left the Irish national facing up to a period of 20 years in prison should he be convicted on charges of distributing narcotics.

ANNOUNCEMENT: Silk Road is BACK ONLINE NOW as Silk Road 3.1 and open for business. The team did a change and upgrade for a reason we can only assume for security.

>> Click here to find the Silk Road 3.1 Guide <<

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Former Silk Road admin Gary Davis pleaded guilty of conspiracy to distribute narcotics, a charge carrying a maximum prison sentence of 20 years.

Earlier this month, the 30-year-old pleaded guilty to the charge, acknowledging his administrative role on Silk Road where he went by the alias “Libertas.”

The Silk Road operated for two short years (between 2011 and 2013) during which thousands of drug dealers managed to peddle their illegal wares to buyers numbering in the hundreds of thousands, all under the cover of anonymity.

Silk Road founder Ross Ulbricht—who operated using the alias “Dread Pirate Roberts” or “DPR” during his period at the helm of the dark web marketplace—was sentenced to life in prison two years after the site was brought down. That was in 2015, about two years after Davis had stepped down from his role as a site administrator.

Silk Road’s Hierarchy

Federal prosecutors from New York said that Davis operated as a paid moderator on the now-defunct site, a role that came with duties such as responding to inquiries, monitoring user activity, and conflict resolution between buyers and sellers.

The site administrators served below Ulbricht and his advisors, but above forum moderators who primarily monitored how the users of the site interacted and enforced the guidelines on how to transact on the platform, reporting only the issues they couldn’t solve to the admins.

Court documents say that Davis started out in the latter role between May and June 2013 before he was promoted to an administrative role. He acted as an administrator until October 2 of the same year.

Extradition and Prosecution

drug use, crime, addiction and substance abuse concept
Earlier this month, the 30-year-old pleaded guilty to the charge, acknowledging his administrative role on Silk Road where he went by the alias “Libertas.”

Davis had initially intended to fight all efforts of prosecutors to extradite him to the U.S. to appear before the court, but less than three years later, his appeal turned out to be unsuccessful despite claims by his attorneys that he feared how he would be treated in American prisons.

Prosecutors announced his extradition in July, which is roughly four years after he was arrested back in Ireland. On October 5, he stood before U.S. District Judge Jesse M. Furman and pleaded guilty of conspiring to distribute narcotics, a charge which could put him behind bars for up to 20 years if he’s proven guilty during his sentencing, which is scheduled for January 17, 2019.

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Ross Ulbricht Marked His 5th Year in Prison

This week marks a total of five years of imprisonment for Silk Road creator Ross Ulbricht.

ANNOUNCEMENT: Silk Road is BACK ONLINE NOW as Silk Road 3.1 and open for business. The team did a change and upgrade for a reason we can only assume for security.

(>> Click here to find the Silk Road 3.1 Guide <<)*

Man in prison.
Ross Ulbricht, creator of the infamous darknet market Silk Road, has marked his five year anniversary behind bars.

Ulbricht began his double life sentence in October 2013 for developing and operating the infamous Silk Road darknet marketplace.

To mark the five-year timeline, Ulbricht’s supporters started a new project aimed at raising awareness of his story as well as the optimism of his ultimate release.

Five Years Passed

FreeRoss.org, a campaign led by Ulbricht’s family and supporters, launched a new project that seeks to unveil in-depth and previously unheard details about Ulbricht’s case to the public.

The presentation is divided into six weekly episodes, with the first released for listening or reading on October 1. The rest of the episodes will be released throughout the month.

Silk Road, which was shut down after Ulbricht’s arrest in 2013, was an underground online marketplace that brought together sellers and buyers in a free-market system.

Most of the items offered were often illegal. To allow their clients to make purchases, Silk Road allowed the use of digital currencies, namely Bitcoin, therefore extending to establish the use of decentralized cryptocurrency.

In their statement, the family also outlined that the even though five years behind bars can often harden many, it is not the case for Ulbricht.

Man behind metal prison bars.
This week marks a total of five years of imprisonment for Silk Road creator Ross Ulbricht.

Over the period, he has remained a positive character and is a favorite with private staff and inmates alike.

In fact, he has maintained his non-violence and peace attributes, as shown by his recent act of refusing to participate in assaulting another inmate.

New Series on Ulbricht’s Case Debuts

This weekly series seeks to put Ulbricht’s case in full perspective.

Episode 1 of this series encompasses five chapters: Passing the Torch, Traveling the Silk Road, Fighting for Control, Going Rogue and Targeting Karpeles.

Just like with the initial episode, the rest of the published episodes will feature a YouTube component, visual, not to mention a written script.

Although Ulbricht is still imprisoned, his supporters and family have initiated a Change.org petition urging U.S. President Donald Trump to consider clemency. At press time, the petition has garnered 86,000 signatures and counting.

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Gary Davis in Negotiations with Prosecutors on a Plea Deal

Updated coverage of Gary Davis’ case here.

Gary Davis, who is in police custody in New York City after being accused of being involved in the activities of Silk Road, has officially initiated negotiations with prosecutors for a plea deal.

ANNOUNCEMENT: Silk Road is BACK ONLINE NOW as Silk Road 3.1 and open for business. The team did a change and upgrade for a reason we can only assume for security.

>> Click here to find the Silk Road 3.1 Guide <<

Mediation settlement and arbitration law concept as boxing gloves on a justice scale as a lawyer and attorney support metaphor with 3D illustration elements.
Gary Davis, a key suspect in the Silk Road saga, is in talks with prosecutors seeking a plea deal that may see him serve a lesser sentence.

The 29-year old Irish national was extradited in July to the United States after the Supreme Court approved the request.

Davis is facing multiple charges that can carry a sentence to life, including conspiracy to distribute drugs, money laundering and hacking.

The suspect, however, denied all these three charges during a court hearing in New York on July 19.

Now, Davis has commenced talks with prosecutors to get an exclusive deal which would see him serve a lesser sentence but in exchange to pleading guilty as opposed to proceeding to trial.

A case hearing which was scheduled to happen earlier this month was adjourned for two weeks based on a request to Judge Jesse Furman from the U.S. District Court for the Southern District of New York.

According to the letter, the request for adjournment was because of the forthcoming negotiations between both parties for the plea deal.

It also outlined that Davis’s legal counsel had agreed to the said adjournment and in case they came to a resolution, the district attorney would notify the court.

Background on Davis’ Case

The Federal Bureau of Investigation filed an indictment [PDF] in 2013 alleging that Davis, who was then using “Libertas” as his pseudonym, was working alongside Silk Road’s founder and head admin, Ross Ulbricht.

Authorities believe that Ulbricht, who is at the moment serving a life sentence in the U.S., may have amassed about $18 million in profit from the total transactions on Silk Road—estimated at around $1.2 billion transactions on the site.

Authorities found a scanned image of the passport belonging to Davis on Ulbricht’s computer, together with a log that outlined that Libertas received a weekly payment of $1,500 in Bitcoin for not only facilitating drug sales but also acting on queries from dealers.

Several raids occurred in December 2013, with one targeting Davis’ residence and similar operations taking place at the homes of two other individuals who were on the FBI radar after they had retrieved information from Ulbricht’s laptop.

Extradition to the U.S.

Gavel on court desk
The 29-year old Irish national was extradited in July to the United States after the Supreme Court approved the request.

After a court ordered Davis’ extradition to the U.S., his lawyers opposed the decision through a request for appeal.

Their argument was that if Davis were to be extradited to the U.S., he would otherwise not receive the treatment necessary for Asperger’s syndrome.

In the course of the hearing, the state has not yet accepted the medical evidence claiming that the Asperger’s condition Davis suffers is too critical to excuse him to be tried in the U.S.

In 2015, the counsel for the Irish Attorney General, argued against Davis’ extradition—terming his condition as mild, and therefore not necessitating extradition.

The Supreme Court ultimately denied this appeal, ruling that the extradition would not put him in any danger of mistreatment.

Davis has been awaiting trial since his extradition to the U.S. in July. It is unclear whether or not he will be able to work out a plea deal with prosecutors in his case, but an announcement may come soon.

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Silk Road Creator Faces Objections to Appeal

Ross Ulbricht’s quest for freedom is bound to be speckled by obstacles, according to fresh reports. Several months after his appeal was denied, U.S. attorneys have filed an appellee brief with the Second Circuit Court of Appeals insisting that the Silk Road founder’s appeal should be denied.

ANNOUNCEMENT: Silk Road is BACK ONLINE NOW as Silk Road 3.1 and open for business. The team did a change and upgrade for a reason we can only assume for security.

>> Click here to find the Silk Road 3.1 Guide <<

Judge`s gavel and law books.constitutional crisis
Ross Ulbricht is expected to face objections from the U.S. government in relation to his appeal for a time extension to file a Rule 33 motion.

Furthermore, the document stated that the attorneys were fully behind the decision of the District Court to deny Ulbricht’s appeal.

Katherine B. Forrest, the judge who delivered Ulbricht’s life sentence, denied him the chance to appeal his judgment for reconsideration and to file a motion for fresh trials in accordance to Rule 33 of the Federal Rules of Criminal procedure.

Rule 33 says in part that the defendant can file a motion which may lead the court to repeal any judgment and order fresh trials if it is in the interest of serving justice.

Ulbricht’s defense team has filed motions that claim that new relevant data is available. This series of motions were filed by Ulbricht in February as he awaited his certiorari petition, which was still pending.

One motion requested additional time for the former Silk Road founder to prepare and submit a Rule 33 motion based on newly found evidence from the pen register and trap and trace data collected during the course of the Silk Road investigations.

The government had five of these Pen/Trap orders, three of which were contested by Ulbricht’s defense team. The court denied the request for additional time to file a Rule 33 motion that same day.

Attorneys explained why Ulbricht may face a lot of objections filing a motion for fresh trials based on newly discovered evidence.

According to them, motions such as these are typically only granted when the evidence is new and was not a part of the previous trial, when there are facts on which the court can perform due diligence to obtain evidence, when there is materialistic evidence, when the evidence is neither cumulative nor merely impeaching, and when the evidence will, without a shadow of doubt, result in the acquittal of the defendant.

According to the document, the District Court is not at fault for denying Ulbricht’s motion for a time extension to file a Rule 33 motion chiefly because the defendant cannot prove that the Pen/Trap data is newly discovered, whether it is material to his defense, or whether it would lead to an acquittal if they take it to trial.

Rubber stamping that says 'Appeal'.
Furthermore, the document stated that the attorneys were fully behind the decision of the District Court to deny Ulbricht’s appeal.

Ulbricht’s newly discovered evidence consists of Pen/Trap data from three of the five orders purportedly contained in sealed magistrate’s files, newly discovered Pen/Trap data that the government had promised to produce to his defense team, and evidence from the book American Kingpin, which showed that the agency tasked with the Silk Road investigation used Pen/Trap data to monitor not only his location but also his online activities when he was at his residence.

Despite that, U.S. attorneys are adamant in the belief that these challenges are meritless, and that Ulbricht knew about the Pen/Trap data back in 2014.

They also mentioned that the arguments he raised recently had already been raised and rejected by the District Court and now the Circuit Court of Appeals.

Ulbricht will continue to serve his life sentence pending any new developments to the case.

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Huge Silk Road Bitcoin Wallet Gets Active Again—Here Are the Theories

Activity in a Bitcoin wallet containing close to a billion dollars worth of Bitcoin has raised several suspicions and theories, as crypto enthusiasts, analysts and one particularly dedicated Reddit user have reported.

ANNOUNCEMENT: Silk Road is BACK ONLINE NOW as Silk Road 3.1 and open for business. The team did a change and upgrade for a reason we can only assume for security.

>> Click here to find the Silk Road 3.1 Guide <<

Bit-coin in the wallet
A Bitcoin wallet containing over 111,000 BTC has shown activity for the first time in years, meaning a major Bitcoin dump could be imminent.

The wallet is said to contain 111,114.615 BTC, which is roughly $800 million in fiat currency. Reddit user “sick_silk” and other enthusiasts first noticed the account in May 2014 but didn’t see any activity for over four years.

Now, the excitement is palpable as the unknown owner of the account recently began moving chunks of the massive sum, setting in motion a trail of speculation over who it could be, and more importantly, where they got all that Bitcoin from.

Sell-Offs and Bitcoin Dumps Anticipated

Even without knowing the origin or the owner of the wallet in question, crypto enthusiasts are expecting that this recent activity only means that a huge dump is imminent.

Wallets of such magnitude have the power to influence Bitcoin’s market prices considerably, and so a major sell-off is something the world will take note of.

So far, a total of 60,000 coins have been moved in chunks of 30,000, 20,000 5,000, 500, and 100 bitcoin. A sum of 11,114 BTC (roughly $80.3 million) was sent to a Bitfinex wallet and another 4,421 BTC (approximately $32 million) was transferred to Binance.

This only represents 14 percent of the total sum in the wallet, but many anticipate that the activity won’t stop there.

The Silk Road Theory

Meanwhile, experts and enthusiasts have already begun spewing out theories over who the account may belong to.

Some believe that it is part of Silk Road founder Dread Pirate Roberts’ cache of 600,000 Bitcoin, which he hid in an encrypted wallet before the shutdown of Silk Road and the consequent arrest and life incarceration of the man behind the site, Ross Ulbricht.

The Silk Road marketplace didn’t last long, but over the two years it was in operation its administrators amassed millions of dollars in profits.

Though a significant portion of this was seized by the FBI and auctioned, large sums of Bitcoin remained unaccounted for, and crypto enthusiasts believe this could be one of the cold storages for the disappeared funds.

The Mt. Gox Theory

The Mt. Gox breach will go down in history as one of the biggest Bitcoin heists of all time. Back then, the price was $480 per coin, and the hackers took $437 million worth of Bitcoin.

This automatically rendered the exchange bankrupt, and to date, they are still reimbursing customers who lost their Bitcoins in the incident.

Since the last dates of the transaction of the mysterious account almost coincide with the final days of the exchange’s life, it is possible that the account was merely one of their reserves, and that they have now cracked it open to continue paying off their debts.

This theory was strengthened on August 23 when Nobuaki Kobayashi, a trustee at the exchange, released submission forms for creditors who were ready to make and prove their claims.

It is possible that the exchange is looking to make amends by settling its debts with as minimum hassle as possible to get back some of the trust their customers had put in them.

Hacking is always an unfortunate incident, and although poor security and negligence are to blame most of the time, sometimes there’s little that can be done but damage control.

The Craig Wright Theory

Hand putting virtual golden coins into wallet, holding bitcoin. Blue screen with chart on the background. Crypto-currency concept
The wallet is said to contain 111,114.615 BTC, which is roughly $800 million in fiat currency.

The final theory about who the wallet belongs to revolves around Craig Wright—the man claiming to be the notorious founder of Bitcoin, Satoshi Nakamoto—and lawsuit that was filed against him in February this year.

Wright is accused of defrauding the estate of Dave Kleiman of $5,188,266,427.50 in Bitcoin as well as intellectual property rights.

This theory is backed by an IP agreement made in 2011 which lists a Bitcoin wallet address that corresponds to the wallet containing over 100,000 Bitcoins.

It could be that Mr. Wright is responsible for the new activity in the account as he is known as one of the biggest holders of Bitcoin to date.

The wallet could belong to any one of the three parties mentioned above, but it could also belong to any one of the numerous big fish playing the crypto game.

Whether the predicted sell-off is imminent is a matter of waiting and seeing because, at this point, only time will tell.

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Silk Creator Ross Ulbricht Dictates Tweets from Prison

Ross Ulbricht may have lost hope of having his sentence shortened or reviewed when his final appeal fell through earlier this summer, but the 34-year-old Silk Road founder is far from done fighting for his freedom.

ANNOUNCEMENT: Silk Road is BACK ONLINE NOW as Silk Road 3.1 and open for business. The team did a change and upgrade for a reason we can only assume for security.

>> Click here to find the Silk Road 3.1 Guide <<

Crime - Prison Cell Bars
Ross Ulbricht has been dictating tweets from prison via phone in an effort to gain clemency from the president and keep in touch with his followers.

Though his only way of communicating with the outside world is through the few seconds of phone time he gets routinely, he is determined to keep in touch with his followers, who have been loyally pushing for his freedom since day one. Ulbricht is now posting tweets from maximum security prison with the help of his dedicated family.

Ulbricht was handed two life sentences plus 40 years for running the world’s first dark web marketplace, Silk Road.

This was in 2015, and although dozens of new markets have sprung up in the place of the now-defunct Silk Road, no leniency has been offered to the man who many still believe is wrongfully incarcerated.

Silk Road was run by Ulbricht under the pseudonym “Dread Pirate Roberts.” After his arrest, he was slapped with six charges of attempted murder alongside charges of drug trafficking and money laundering.

None of the murder charges made it onto his final charge sheet, though it can be said that they played a big role in influencing Ulbricht’s draconian sentencing.

Ulbricht’s court case was an emotionally charged one as the murder attempt on his colleague, Curtis Green, and the deaths of people who supposedly bought drugs from the online platform took center stage and painted him as an unrelenting drug baron who would stop at nothing to protect his business.

Failed Appeal

Realizing that Ulbricht’s sentencing could have been wrongfully influenced by the murder-for-hire charges (which never made it to court), his lawyers attempted to convince the Supreme Court that the charges had nothing to do with his crimes and as such, his sentencing needed revision, but the court refused to rehear the case.

Citing the overwhelming evidence presented at the trial, Ulbricht was considered in the same breath as a dangerous drug kingpin that would commit even murder when his business was threatened.

Ulbricht’s legal team went on to insist that the district court which handed out the sentence only mentioned the attempted murder charges in passing and therefore it would be inaccurate to suggest that the ruling was made based on them.

One indictment remained out of the initial six murder-for-hire charges, and Ulbricht’s lawyers were able to get it dismissed earlier this summer.

Corrupt Testimonies

Even the fact that two federal agents tasked with investigations into Ulbricht’s case have been charged and convicted of stealing Bitcoin was not enough to convince the Supreme Court that Ulbricht’s trial was flawed.

The court insists that it would not invalidate their testimonies despite the turn of events.

Even the dropped murder charges were swept under the rug as the court denied Ulbricht his appeal despite the inconsistencies in his trial.

Keeping in Touch with the World

Female Holding Smartphone On Hand And Start Using Twitter Application.
Ross Ulbricht may have lost hope of having his sentence shortened or reviewed when his final appeal fell through earlier this summer

Ulbricht might be tweeting just to stay in touch with the massive following he’s garnered over the years, but he’s also doing it to get U.S. President Donald Trump to notice his plight since a presidential pardon is his final hope for freedom.

A post that was published on July 27 confirmed that indeed the 34-year-old has been dictating his tweets to his family via phone, after which they’ve been posted word for word.

This is far from a permanent solution because Ulbricht’s may lose his phone privileges should the prison go into lockdown.

To further prove the authenticity of the account, Ulbricht sent a handwritten letter to his family which was scanned and posted both to his Twitter account and to the Free Ross website.

Many of his supporters have also been able to communicate with him directly through the aid of his family. Comments to his Twitter posts are printed and shipped out to him.

Ulbricht might be down, but he’s certainly not done yet. He expressed his gratitude to his supporters on July 19 after receiving close to a dozen pages of comments from his pardon petition on Change.org. According to him, these comments raised his spirits and deeply moved him.

Though Ulbricht is a non-violent offender, he remains imprisoned for life with no chance to appeal his case, leaving his freedom and indeed his destiny in the hands of the president.

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Murder-For-Hire Indictment Against Silk Road Founder to Be Dismissed

The Free Ross movement has been working tirelessly over the past few years to overturn the life sentencing of Silk Road founder Ross Ulbricht.

ANNOUNCEMENT: Silk Road is BACK ONLINE NOW as Silk Road 3.1 and open for business. The team did a change and upgrade for a reason we can only assume for security.

>> Click here to find the Silk Road 3.1 Guide <<

Indictment Law Concept 3D Illustration
The murder-for-hire charge that possibly decided the case against Ross Ulbricht years ago has been officially dismissed.

Despite being dealt a fatal blow in recent years, the movement celebrated a bittersweet victory last week after the prosecution filed a motion to drop the final murder-for-hire charge against Ulbricht.

Ulbricht was initially slapped with six murder-for-hire charges, five of which never made it to court. The sixth charge involved his former partner and has now been dismissed with prejudice, giving the 34-year-old a sliver of hope to hang on to as he serves out his life sentence at the USP Florence Maximum Security Prison in Colorado.

U.S. Attorney for the District of Maryland Robert Hur filed the motion last week and later stated that the decision to drop the murder-for-hire charges was based on a need to reallocate resources to cases that needed them.

Ulbricht’s Story & the Movement to Free Him

Although Ulbricht was arrested and imprisoned for running the darknet-based marketplace Silk Road, he was put behind bars over charges of money laundering, conspiracy to traffic narcotics, hacking and conspiracy to commit murder.

At the time, the last charge was described as “the procurement of murder” as Ulbricht faced the consequences of a fake hit on a former Silk Road site administrator, Curtis Green.

Following the dismissal of the final murder-for-hire charge, it is evident that the prosecutor did not believe any of the six charges were valid.

The official dismissal of this damaging charge has given Ross Ulbricht’s mother, Lyn Ulbricht, a reason to hope—although not even the movement has been able to pry Ulbricht away from his life sentence.

Ulbricht’s Future

A gavel on an american flag with a gun and bullets in the background, focus on the gavel.
Despite being dealt a fatal blow in recent years, the movement celebrated a bittersweet victory last week after the prosecution filed a motion to drop the final murder-for-hire charge against Ulbricht.

Mixed reactions followed the announcement of the charge dismissal as joyous supporters realized that Ulbricht may still very well spend his life in prison.

Following his failed appeal to the Supreme Court in June, Ulbricht was effectively denied the chance to overturn the ruling dished out by the U.S. attorney’s office for the Southern District of New York over three years ago.

The six charges played a massive part in convincing the jury to rule against Ulbricht even though none of them had been proven in court.

Their dismissal now could be interpreted as the federal government surrendering its ace card because there is no longer the looming threat of Ulbricht walking free.

Indeed, many believe that Ulbricht’s sentencing was a deliberately excessive penalty by the federal government, judging by the extreme sentence that was doled out.

Indeed, previous reevaluations of the case have all produced the same answer: the life sentence handed to Ulbricht for forming and running the Silk Road was too heavy-handed a punishment.

Still, despite the bleakness of the situation, belief is firm among his supporters that the quest to free Ulbricht will ultimately be answered.

Although the judicial system can do nothing to reinstate the freedom of the man formerly known as Dread Pirate Roberts, hopes of a presidential pardon are what the movement is banking on to get the iconic darknet market founder into the free world.

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