Uncategorized Coinbase Temporarily Disables Ross Ulbricht's Account, Hires Silkroad Prosecutor

Coinbase Temporarily Disables Ross Ulbricht’s Account, Hires Silkroad Prosecutor

-

- Advertisment -

Coinbase

Yesterday, cryptocurrency exchange Coinbase disabled alleged Silkroad founder Ross Ulbricht’s account. They reactivated it later, citing security concerns. After this happened, some people pointed out Coinbase just hired Silkroad prosecutor, Kathryn Haun, which exacerbated worries that Coinbase may be targeting the Ulbricht campaign. 

Also read: Top German Banker Warns Cryptocurrencies Could Precipitate a Financial Crisis

When people mentioned Haun had been hired, it caused some individuals to level verbal assaults, saying Coinbase should not hire the enemy.

It appeared the community was prepared to wage a pitched battle against the Coinbase team. However, the situation was quickly neutralized when Coinbase brought the account back online.

The Ross Ulbricht campaign tweeted about the issue when the account was shut down, saying:

And disabled the #FreeRoss account after receiving 16.5 #bitcoin today. Now can’t pay lawyers.

Then today, @Free_Ross tweeted the account had been restored and everything was back in working order.

The Silkroad Prosecutor; Ulbricht’s Campaign

The timing of hiring Haun was also rather strange, but likely a coincidence. It turns out that the prosecutor was not the Federal attorney that convicted Ulbricht. Haun was the one who put the agents that stole his bitcoin behind bars.

Coinbase Temporarily Disables Ross Ulbricht's Account, Hires Silkroad Prosecutor
Ross Ulbricht

Nonetheless, it is understandable why some individuals in the community would be sensitive to this kind of issue. It leaves a bad taste in people’s mouths when federal prosecutors, who were deeply involved in a bitcoin consensual crime case, are suddenly awarded a corporate position with a deeply entrenched bitcoin exchange platform.

In the end, the story turned out to be not as bad as it initially sounded. Still, it remains to be seen what will become of Ross Ulbricht, who does not belong behind bars according to many. At least his family and friends can continue funding his campaign, and perhaps some day they will receive some semblance of justice.

Do you think Coinbase did something wrong in all of this? Do you believe Ulbricht should be freed from prison? Share your thoughts below!


Images courtesy of Shutterstock, ibtimes.co.uk


At News.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

Source link

Latest news

What’s the future of decentralized blockchains?

When Bitcoin was new and not valued at anything or just a few cents anyone could join...

My 5 favorite free crypto tools & sites I use daily

So I often get asked by friends, or people visiting my site about new tips for exciting...

Cryptocurrency is The Last Kingdom Where You Can Keep Your Data Private

Data privacy has been a hot topic for quite some time now and particularly after the popularity...

How To Travel With Bitcoin: 9 Travel Companies Accepting Bitcoin

Bitcoin travel is a reality, as several travel companies now accept payments in cryptocurrencies for their services.
- Advertisement -Coinbase Temporarily Disables Ross Ulbricht's Account, Hires Silkroad Prosecutor

Top 5 Ways To Build a Profitable Business in The Crypto Sector

The crypto industry has grown significantly despite criticism and a skeptical approach from regulators across the globe....

These 8 Cryptocurrencies Will Survive the Next Decade

Cryptocurrency is the future, we all have reasons to believe it. But are people ready...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you