Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Tracking & Law Enforcement

Prosecutors Want Silk Road Mastermind to Remain Jailed

SAN FRANCISCO – Prosecutors on Friday told a federal judge that the mastermind of the nefarious online bazaar Silk Road is too dangerous to be freed on bail.

SAN FRANCISCO – Prosecutors on Friday told a federal judge that the mastermind of the nefarious online bazaar Silk Road is too dangerous to be freed on bail.

Ross William Ulbricht, also known as “Dread Pirate Roberts,” wore a green T-shirt under red jail clothes, his ankles shackled, as a public defender argued for time to figure out acceptable conditions for bail pending trial.

Federal magistrate Joseph Spero appeared doubtful, asking defense attorney Brandon LeBlanc whether seeing the criminal indictment that includes a murder-for-hire charge had “changed his calculus” regarding the chances of Ulbricht being freed pending trial.

Spero granted a request by LeBlanc to postpone the detention hearing to October 9.

Ulbricht stood straight and appeared alert, nodding and saying “OK” when Spero set a new date for a hearing at which his finances and potential for bail will be discussed.

Federal prosecutor Randall Luskey opposed the delay, telling Spero that the government wants Ulbricht to stand trial in Maryland where the indictment was issued and that no conditions would offset the danger he represented to the community and the likelihood he would flee.

Advertisement. Scroll to continue reading.

Ulbricht, 29, was arrested this week by US authorities who accuse him of being the mastermind behind an online black market for drugs, hitmen, hacker tools and more, arresting the suspected mastermind of a nefarious bazaar called Silk Road.

Prosecutors also charged that in March, Ulbricht tried to hire someone to kill a Silk Road user who threatened to expose the identities of others using the website.

“We deny all charges and that is the end of the discussion at this point,” LeBlanc said outside the courtroom.

Federal agents shut down the website, which used a privacy-protecting Tor network and Bitcoin digital currency to shield the identities of buyers and sellers around the world.

Written By

AFP 2023

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing for the latest cybersecurity threats, trends, and expert insights.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Organizations are investing heavily in third-party risk management, but breaches, delays, and blind spots continue to persist. Join this live webinar as we examine the gap between how organizations think their third-party risk programs are performing and what’s actually happening in practice.

Register

Explore how attackers are using AI to scale threats and how security teams can respond with AI-driven defenses. Protecting against unmonitored use of generative AI (Shadow AI) in business units and building and enforcing AI governance frameworks.

Register

People on the Move

Rapid7 announced that Wael Mohamed will assume the role of Chief Executive Officer, replacing current Chief Executive Officer Corey Thomas, who will become Executive Chairman of the Board.

Anurag Jain has been appointed Senior Vice President of Engineering at CodeHunter.

CTERA has appointed Tal Sarfaty as Senior Vice President of Cybersecurity.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.