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Ross Ulbricht agrees to use $3 billion in stolen BTC to pay his debt

Nearly $3 billion worth of seized bitcoin will absolve Ross Ulbricht of his $183 million debt to the United States government, according to a court filing first discovered by Wired.  Ulbricht is the founder of the now-defunct illicit marketplace Silk Road, which used bitcoin to facilitate the sale of drugs and other illegal items.  Before the marketplace shut down, Silk Road experienced a hack in which someone made off with 69,370 BTC. In 2015, after the marketplace shut down, Ulbricht …

FreeRossDAO emerges winner of imprisoned Silk Road founder’s NFT auction

A group called FreeRossDAO has won the auction for Silk Road founder Ross Ulbricht’s first non-fungible token (NFT) collection with a winning bid of 1,446 ETH (about $6.2 million). Tweeting on Thursday, FreeRossDAO stated that it raised over 2,800 ETH ($12 million) from more than 1,300 supporters, spearheaded by the PleasrDAO community. The NFT collection in question, dubbed “Genesis Collection,” is a collection of digital items including journals and art pieces created by imprisoned Silk Road founder Ross Ulbricht and …

The Free Ross movement is taking a leaf out of Constitution DAO’s book

Last month, crypto anons collectively pledged $47 million in order to buy an early, rare copy of the U.S. Constitution. And if it wasn’t for Citadel CEO Ken Griffin, the plan — which was brought together and executed in only a week — likely would have worked. Now it seems the same strategy is being applied to raise funds for the Free Ross movement, and if it’s similarly effective, it could fund a warchest. The Free Ross NFT sale Ross Ulbricht …