Motherboard has a reporter at the trail who noted that Ulbricht smiled when he finally made the admission.
￼”We have the name of the real mastermind and it’s not Ulbricht,” Joshua Dratel, Ulbricht’s lawyer, said in court today. He plans to argue that Karpeles framed Ulbricht.
“[Silk Road] would be a device for leveraging the value of Bitcoin, and if he could create a site independent of Bitcoin, you could control the value of Bitcoin,” Dratel said, reading from [DHS Agent Jared] DerYeghiayan’s emails.
DerYeghiayan believed his evidence was so strong that he even drafted a search warrant for Karpeles’s email in May of 2013.
The trial is currently adjourned by Judge Katherine Forrest, who said “The defense has been building a picture all afternoon that Karpeles was Dread Pirate Roberts or a Dread Pirate Roberts. That has come out in spades, that that is their argument. That cat is out of the bag.”
Bitcoin has always been controlled by a very small cabal and this was even truer in the heyday of the Silk Road. But that Karpeles, the bumbling CEO of a completely imploded exchange the head of a drug den? It sounds far too good to be true and should make the Ulbricht trial far more interesting.
￼”We have […]