Silk Road defendant deemed flight risk, denied bail

Ross William Ulbricht will remain behind bars as he awaits trial for allegedly running the underground online drugs marketplace

  • Federal prosecutors accused Silk Road defendant Ross William Ulbricht of procuring fake IDs.

  • When he was arrested, Ross William Ulbricht was allegedly logged into a Silk Road account showing a balance of more than 50,000 bitcoins.

  • Ulbricht was also allegedly logged into an instant messenger account at the time of his arrest using a nickname, "dread."

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