Ross Ulbricht, the founding father of Silk Street, faces eBay verification delays after his pardon. Will he launch a brand new market in 2025? Regulatory challenges are anticipated as companies are prone to keep away from associating with him after spending over 12 years in jail earlier than Donald Trump’s pardon.
Ross Ulbricht, credited with popularizing Bitcoin and turning it right into a medium of alternate when it was barely three years previous by way of the notorious Silk Street Market, is once more making headlines.
(BTCUSDT)
After serving 12 years in jail earlier than Donald Trump pardoned him in January 2025, he’s making an attempt to rebuild his life. To get him on monitor, crypto followers launched ROSS, one of many best meme coins to buy.
He not too long ago needed to public sale a few of his belongings on eBay, the worldwide market.
Is eBay Knowingly Irritating Ross Ulbricht?
Nonetheless, Ulbricht claims eBay has knowingly and frustratingly delayed the verification course of.
In a publish on X, Ulbricht expressed frustration over eBay’s failure to confirm his id for over per week.
Been making an attempt to public sale some private belongings. @eBay desires to confirm my ID. I offered all docs per week in the past and nonetheless nothing. I’ve talked to a number of eBay reps & preserve being delay.
Right now’s the final day to begin an public sale earlier than I depart city. Have you learnt somebody who will help?
— Ross Ulbricht (@RealRossU) March 25, 2025
He had been trying to public sale his belongings however confronted extended delays in getting approval. Ultimately, he suspected that {the marketplace} deliberately prevented processing his request as a result of his prison historical past, so he felt “discriminated in opposition to since going free.”
The scenario has fueled hypothesis that eBay intentionally avoids associating with the previous darknet market operator.
Though eBay has not issued an official assertion, it’s believable that the corporate is hesitant to permit the Silk Street founder on its platform, possible as a result of reputational dangers tied to his prison historical past.
Earlier than being pardoned, Ulbricht confronted a double life sentence plus 40 years for his function in facilitating the sale of narcotics by way of Silk Street.
Regulation enforcement claimed that criminals moved over $200 million by way of the platform.
Ulbricht is just not alone.
Many others complain about eBay customer support, inconsistencies in verification insurance policies, and harsh vendor insurance policies.
They declare the platform unfairly favors patrons and even sides with scammers.
Will Ulbricht Create His Personal Market?
This frustration is why Ulbricht publicly toyed with the concept of launching his market.
I used to be simply instructed that @eBay is conscious of this, however is selecting to not do something about it. First time I’ve felt discriminated in opposition to since going free.
Gee, perhaps I ought to begin my very own ecommerce web site. What’ll I name it…? https://t.co/xBqvL3dDuQ
— Ross Ulbricht (@RealRossU) March 25, 2025
Whether or not he’s severe or not, the prospect of Ulbricht re-entering the e-commerce business has gained traction.
Zeus Bitcoin Pockets has supplied to create a simple-to-use Lightning Community pockets.
Tell us for those who need assistance getting arrange with funds on Lightning.
We would be completely happy to assist or no less than get you in control. DMs are open.
— ZEUS (@ZeusLN) March 25, 2025
One other suggestion was that he ought to “search or construct a decentralized and censorship-resistant resolution.”
I imagine this can be a time for low time choice, not for fast strikes. You’re a powerful advocate of free markets and a tradition of societal resistance. Search or construct an answer that’s decentralized and censorship-resistant. eBay might have broad attain, however what’s wanted here’s a…
— Modeotec (@ModeotecArt) March 26, 2025
Others additionally suggested him to discover alternate options that help untraceable digital money, like Monero–one of many best cryptos to buy–, whereas not charging a list charge.
Hey @RealRossU ! Checkout https://t.co/4qsfRRXio3 . It’s gaining traction because the clearnet, untraceable digital money, peer to see “eBay”. No charges to record. No charges taken on transactions. Vendor retains all of it. Simply the fraction of cent Monero transaction charge. Additionally there’s a multi…
— Douglas Tuman (@DouglasTuman) March 25, 2025
His expertise with Silk Street would possibly assist launch a brand new market, however there are challenges.
As seen with eBay’s response, he’ll possible face regulatory scrutiny. Accordingly, some mainstream monetary establishments and fee processors might hesitate to help a enterprise tied to his title.
DISCOVER: Next 1000x Crypto – 10+ Coins That Could 1000x in 2025
Ross Ulbricht Snubbed by eBay: Will the Silk Street Founder Launch a New Market in 2025?
-
eBay delays Ross Ulbricht’s Verification. Is he being discriminated in opposition to? -
Silk Street founder hints at launching a brand new market after eBay frustration -
Ulbricht can construct a crypto-powered market, however he would possibly face challenges
Source link