Story of Silk route creator 📝
Ross Ulbricht studied physics and material science, before launching Silk route in 2011..
Using Tor and Bitcoin
The site let people trade secretly,
Ross started silk road in 2011
It became popular
With 18% of drugs buyers using it and hundreds of vendors
Everything was managed and paid in bitcoin
At it’s peak it Handled 90% of bitcoin’s transactions
🚨 Fbi tracked silk road users
And arrested Ross in 2013, they took his laptop, which held 1,44,336 bitcoins
Ross earns $13 million in bitcoin fees
And the seized bitcoins were sold for $48.2 million
Ross was found guilty on all charges in feb 2015
He explained his actions were based on libertarian beliefs
Aiming to give people more freedom through
Bitcoin
He was sentenced to life in prison ⛓️
Ross tried to appeal his sentence but his efforts were denied in 2017
Trump considered reducing his sentence but decided against it
Over 5,70,000 people signed a petition commute his double life sentence
During his election campaign Donald trump made Ross release in jan 2025 and pardon one of his promises to show his support for crypto culture.
Ross is free now and slowly getting his life back. He even spoke at a big crypto event in Las Vegas..
Where he got support and recognition..