Bitcoiners donated $270K to fund Ross Ulbricht’s ‘personal expenses‘
The recent news of Silk Road founder Ross Ulbricht receiving a presidential pardon has sparked a lot of discussion and controversy in the crypto community. While some are celebrating his release, others are questioning the decision and wondering about his financial status.
For those unfamiliar with the Silk Road, it was an online marketplace that operated on the dark web and allowed users to buy and sell illegal goods and services using Bitcoin. Ulbricht, also known as “Dread Pirate Roberts,” was the mastermind behind this operation and was sentenced to life in prison in 2015 for charges including money laundering, computer hacking, and conspiracy to traffic narcotics.
However, on January 19th, 2021, in the final hours of his presidency, Donald Trump granted Ulbricht a full pardon, citing his good behavior in prison and the support he received from the likes of Roger Ver and Tim Draper. This decision has caused quite a stir in the crypto world, with some praising Trump for his mercy and others questioning the motives behind the pardon.
But one aspect that has remained unclear is Ulbricht’s financial status. After spending six years in prison, it’s uncertain how much money he has left, if any. Some speculate that he may have hidden a significant amount of Bitcoin before his arrest, while others believe he may have lost it all during the market crash in 2018.
Despite the uncertainty, many crypto users have come forward to support Ulbricht’s “transition into his new life.” A donation fund has been set up, and within a few days, it has already received over $100,000 in various cryptocurrencies. This gesture shows the strong sense of community and support within the crypto world, even for someone with a controversial past.
As Ulbricht begins his new life outside of prison, the debate over his pardon and his financial status will likely continue. But one thing is for sure, his release has once again brought the Silk Road and its impact on the crypto industry into the spotlight.
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