The method through which Ulbricht was charged was farcical, and the agents involved later went to prison for money laundering, extortion and obstruction of justice during the case. The Redandwhite situation was clearly a form of entrapment and is a classic example of US intelligence agencies intentionally extremizing political revolutionaries.
That said, Ulbricht has publicly apologized for his actions and confirmed that the chat logs weren't fabricated. He made the fatal mistake of Doing Two Illegal Things at Once, which ultimately tarnished his status as a folk hero.