Ross Ulbricht found guilty of Silk Road conspiracy charges

Today in a federal courthouse in Manhattan, Ross Ulbricht has been found guilty of charges stemming from his role in the founding and operation of the Silk Road. After nearly four hours of deliberation, the jury found Ulbricht guilty on all seven counts, including charges of narcotics conspiracy, money laundering conspiracy, and engaging in a continuing criminal enterprise. The Silk Road offered a platform for quasi-anonymous transactions, shielded by Tor’s anonymity network and the transaction-masking properties of Bitcoin, and hosted more than $ 100 million in drug transactions before it was shut down by law enforcement in October of 2013.

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