Silk Road Founder Ross Ulbricht Receives $31,400,000 Bitcoin (BTC) Donation to Crypto Wallet: On-Chain Data

On-line Market Pioneer and Bitcoin OG Ross Ulbricht have acquired thousands and thousands of {dollars} from BTC donations after his first public look since he was launched from jail.

In keeping with blockchain monitoring agency LookonchainUlbricht acquired 300 BTC, value round $ 31.4 million, from his donation pockets early on Sunday.

Arkham -data suggest That the majority cash have been ultimately despatched to Crypto Alternate Kraken inside a number of hours of receiving the donation.

Ulbricht, which was launched from jail earlier this yr on a grace of President Trump, made one speech On the Bitcoin 2025 convention in the course of the weekend, which was his first efficiency in public since he was launched.

Coinbase director Conor Grogan says that Bitcoin Wallets left by Ross Ulbricht when he was locked up for his function in Silk Highway, nonetheless have tens of thousands and thousands of {dollars} in BTC.

The US authorities grabbed tens of 1000’s of Bitcoin to Silk Highway, however Grogan says they have been unable to get 100% of the cash.

“I discovered ~ 430 BTC about dozens of portfolios related to Ross Ulbricht who weren’t seized by the US authorities and have been nonetheless untapped for an additional 13 years, these have been most likely mud stories, now, now, they’re collectively about $ 47 million. Welcome again, Ross.”

Grogan, nonetheless, makes doubts about whether or not Ulbricht can achieve entry to the Bitcoin within the portfolios.

“Unlikely if he has saved the keys someplace, I believe we are going to know quickly sufficient!”

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