President Donald Trump granted a full pardon to Silk Road founder Ross Ulbricht on Tuesday. Trump announced on Truth Social that he granted a full pardon to Ross Ulbricht, citing support from Ulbricht's mother and the Libertarian Movement. Silk Road was a dark web marketplace that facilitated over $200 million in illicit drug sales from 2011 to 2013. Silk Road operated as a global drug marketplace using Bitcoin for transactions. Prosecutors arguing its anonymity enabled vendors to conceal their identities. Ulbricht has been serving a life sentence without parole since 2015 for federal convictions on charges including drug distribution and computer hacking conspiracy.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump granted a full pardon to Silk Road founder Ross Albrecht on Tuesday.
00:07Trump announced on True Social that he granted a full pardon to Ross Albrecht,
00:11citing support from Albrecht's mother and the libertarian movement.
00:16Silk Road was a dark web marketplace that facilitated
00:19over $200 million in illicit drug sales from 2011 to 2013.
00:25Silk Road operated as a global drug marketplace using Bitcoin for transactions.
00:29Prosecutors arguing its autonomy enabled vendors to conceal their identities.
00:34He was serving a life sentence without parole since 2015 for federal convictions on charges,
00:40including drug distribution and computer hacking conspiracy.