Ross Ulbricht the alleged founder of the immensely popular black marketplace Silk Road has been sentenced after being found guilty of several criminal charges. In turn he has been sentenced to life imprisonment.
Looking over the facts Ulbricht could have faced anything from 20 years in prison to life imprisonment, of which many believe to be the harshest possible sentence that could have been given.
Security professionals have discussed the events as follows:
The sentence was made by Judge Katherine B. Forrest in a Federal District Court in Manhattan, though Forrest admitted it was a “very, very difficult” call to make, leaving Ulbricht without any hope of parole.
Operating online as “Dread Pirate Roberts,” Ulbricht ran the $1.2 billion Empire from the year 2011 to 2013, armed just with a laptop and a Wi-Fi connection.
Silk Road ran on the Tor network to maintain its operations, and carried out more than $200 Million in illegal transactions, before Federal agents seized Silk Road servers and arrested Ulbricht in October 2013, along with bitcoins worth $3.6 million.