, the convicted founder and operator of online black market Silk Road, was sentenced to life in prison yesterday after being found guilty of narcotics and computer hacking charges in February.
The severity of the sentencing quickly set off a firestorm of comment and criticism, with debates centering on the alleged hypocrisy of the federal government and the morality of its handling of illicit Internet crime in context of its actions against the traditional financial sector.
Such criticisms, however, were interspersed with live drama, as standing outside of a New York courthouse, Lyn Ulbricht voiced concern for her son Ross Ulbricht’s safety as he heads to maximum security prison.
“I fear for his safety,” she said, according to footage of the press conference. “I fear for his life.”
Lyn Ulbricht added that a medium-security prison, in her opinion, would be more appropriate given his behavior since his arrest in late 2013, but acknowledged that “with his sentence, I don’t know if that can be possible".
During her comments, Ulbricht criticized the government for keeping Silk Road open, suggesting that federal officials should share the blame for deaths said to be tied to the dark market’s operation.
She told reporters:
Ulbricht went on to criticize the fact that some information remains under seal regarding the indictment of two federal agents accused of going rogue during the US government's investigation of Silk Road.
Defense attorney Joshua Dratel also spoke during the press, declaring his disappointment with the outcome and vowing once again to appeal the conviction.
Dratel did not immediately respond to a request for comment.
Even before the sentencing hearing, Twitter was abuzz with thoughts on the then-pending result.
Often times the law is wrong. It's the lawbreakers who move society forward. Think Rosa Parks, or Harriet Tubman and perhaps, Ross Ulbricht.
— Roger Ver (@rogerkver) May 26, 2015
— Erik Voorhees (@ErikVoorhees) May 29, 2015
After the sentence was handed down, many observers shared their disappointment with the outcome.
Honest question: Has anyone in history ever been more harshly punished for something they did with a computer? http://t.co/qvYB8rid17
— Andy Greenberg (@a_greenberg) May 29, 2015
I hope 1000s of new Dread Pirate Roberts were born today. #freeross
— Bitcoin Error Log (@BitcoinErrorLog) May 29, 2015
Some commentators pointed out how, under US law, some crimes directly related to the death of another person often result in more lenient sentences.
— Dani Gearbench (@DaniGearbench) May 29, 2015
Other comments questioned the alleged hypocrisy of federal prosecutors who demanded a life sentence and millions in ordered payments for Ulbricht's involvement in Silk Road while major banks implicated in multi-billion dollar market rigging schemes have been handed penalties that are significantly less severe.
Government celebrates outcome
Shortly after the sentence was announced, representatives in the US government soon took advantage of the occasion to celebrate its successful case against Ulbricht.
In a Justice Department press release, Manhattan US Attorney Preet Bharara described Ulbricht as "the face of cybercrime" and lauded the outcome of the trial, stating:
According to a statement attributed to US Distric Judge Katherine Forrest, the trial proves that "all stand equal before the law".
"There must be no doubt that you cannot run a massive criminal enterprise and because it occurred over the Internet minimize the crime committed on that basis," she noted.
Image via FreeRoss.org
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.