Ross Ulbricht Found Guilty of Running Silk Road

By Kate Knibbs on at

The Silk Road trial verdict is in: Ross Ulbricht has been found guilty of running the online drug service. A jury found the 30-year-old Californian guilty on all counts, including money laundering, drug trafficking and computer hacking.

The trial went terribly for Ulbricht. While his defenxe lawyer conceded early on that Ulbricht had started the digital drug empire, he argued that there was no way to prove his client had continued to run it. The defence's expert witnesses were rejected, and the prosecution laid out a case against Ulbricht that involved tying £8.81 million in Bitcoin transfers from the Silk Road to his personal computer.

The case hinged on whether or not the prosecution could convince the jury that Ulbricht was, beyond reasonable doubt, the "Dread Pirate Roberts" who created and oversaw the Silk Road from its inception until its bust. While the defence leaned on the idea that digital identity is inherently murky as a way to cast doubt, it wasn't enough to stop Ulbricht from losing the case.

[The Verge/ CNBC]