Ross Ulbricht, Popularly known as Dread Pirate Roberts, is one of the most important figures in the history of the internet and even the crypto market. Ross was the creator of Silk Road, which for a time was the largest black market in the history of the internet, moving billions in Bitcoin.
Ross was identified and arrested by the FBI after a lengthy investigation, he was sentenced to… life imprisonment for various crimes, but especially for facilitating the trafficking of drugs and weapons on US territory. Since his arrest, Ross, and especially his family, have tried everything to reconsider his sentence and shorten his jail term.
With that, one of the recent efforts to cooperate with authorities and with justice was the “delivery” of $3 billion in Bitcoin to the Justice Department, which in theory will help Ross pay his monetary debt to the US court system and authorities.
One legal proceedings Released last month claims Silk Road founder Ross Ulbricht is transferring to the Justice Department 69,370 bitcoins† Bitcoin Gold, Bitcoin Cash and Bitcoin SV.
The combined value of these assets is striking, more than $3 billion. The process report also states the source address of all these cryptocurrencies.
Bitcoin recovered from hacker who stole Ross
According to the information, the bitcoins did not come directly from a wallet belonging to the founder of Silk Road, in fact the values were recovered from a person known only as “Individual X”
This person stole the Silk Road funds a few years ago. However, through investigations, authorities were able to identify the criminal and recover all stolen cryptocurrencies.
Ulbricht took the opportunity to advance his side with justice. According to the lawsuit, he decided to transfer all assets to the United States Department of Justice (DOJ).
This move will allow all Ulbricht’s debts to be settled with the DOJ. However, it is still necessary to wait for the auction and purchase of all these assets so that the value is used to pay off the debt.
The report states that all “the parties agree that the net proceeds of the sale of the property in question confiscated under this contract shall be credited to any unpaid balance of the cash judgment,” the statement said.
With that, the end result of the research is that $3 billion that once belonged to Silk Road is now going to the state. However, many believe that Ross may still have bitcoins stored in secret wallets.
Source: Live Coins
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
