Image Credit: Ross Ulbricht Genesis Collection
Ross Ulbricht, the founder of the infamous Tor dark-web drug marketplace Silk Road, has turned one of his childhood drawings into a digital Non-Fungible Token (NFT) and has sold it at auction for a whopping $6.3 million USD, from his prison cell.
The digital piece of art was purchased by a group of 1,320 crypto investors, who formed the FreeRossDAO group earlier this month.
Ulbricht was sentenced to life in prison after his arrest in 2013 on suspicion that he was the man behind the online pseudonym “Dread Pirate Roberts”, the anonymous administrator of the Silk Road marketplace. Ross’s net worth at the time of his arrest was estimated to be $48 million USD worth of Bitcoin.
He was eventually charged with conspiracy to launder money, conspiracy to commit computer hacking, conspiracy to traffic narcotics by the means of the internet, and continuing a criminal enterprise.
Ross Ulbricht Controversial Sentencing
The Silk Road founder’s life sentence has been heavily criticized by lawyers and citizens across the globe, with many believing he was unfairly made an example of (being a first time offender) by the US government to deter others from attempting to create another Silk Road like entity. All of the money raised by the FreeRossDAO group will be donated to charity, according to Ulbricht’s Mother.
The FreeRossDAO group tweeted on Thursday last week that “Buying this NFT has not freed Ross. We still have a long way to go to seek justice and rectify his disproportionate sentence of double life imprisonment as a first-time, non-violent offender.”
The group also seeks to influence and implement prison reform policies across America.
Ross Ulbricht’s twitter account is now believed to be run by a close family member with direct contact with Ross, but tweeted “I am floored. The auction exceeded all expectations. I feel like I have a new purpose now. Lots of joyful work lies ahead”, in response to the auction.