Silk Highway founder Ross Ulbricht receives full pardon from President Trump

Investing.com — U.S. President Donald Trump has granted a full and unconditional pardon to Ross Ulbricht, the founding father of the Silk Highway, an underground on-line market recognized for illicit commerce. Ulbricht, 40, was serving a life sentence for facilitating over $200 million in unlawful transactions utilizing bitcoin.

Ulbricht’s arrest in 2013 and subsequent sentencing in 2015 marked a big U.S. prosecution, coming just some years after the appearance of fashionable cryptocurrency. The Silk Highway platform was a hotspot for drug sellers and others partaking in illegal actions.

The presidential pardon, introduced on Tuesday, fulfills a marketing campaign promise made by the Republican president. In a press release on his social media platform, Reality Social, Trump criticized these concerned in Ulbricht’s conviction. He referred to them as “the scum” and linked them to what he described because the “modern-day weaponization of presidency” towards him.

This pardon clears Ulbricht of his costs, making it each full and unconditional, in line with President Trump’s assertion.

This text was generated with the help of AI and reviewed by an editor. For extra info see our T&C.