#Founder of Silk Road's Wallet Discovered with 430 BTC#
Hot Topic Overview
Overview
Recently, Coinbase executive Conor Grogan discovered approximately 430 BTC in wallets associated with Silk Road founder Ross Ulbricht. These bitcoins were not seized by the US government at the time and have not been moved for over 13 years. These wallets may have been "dust wallets" back then and are now worth about $47 million. If Ross Ulbricht can still find the private keys, he may be able to recover these assets. This discovery has attracted widespread attention and sparked renewed debate about "dust wallets."
Ace Hot Topic Analysis
Analysis
Coinbase executive Conor Grogan recently posted on social media that he found approximately 430 BTC in dozens of wallets associated with Silk Road founder Ross Ulbricht. These wallets were not seized by the US government at the time and have remained untouched for over 13 years. These wallets may have been "dust wallets" back then, meaning the amount in the wallet was negligible and therefore ignored. Today, these 430 BTC are worth over $47 million. If Ross Ulbricht can still find the private keys to these wallets, he will have the chance to recover this massive fortune. This discovery has sparked widespread interest, with people speculating whether Ross Ulbricht can still find the private keys to these wallets, and where this fortune will ultimately end up.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The founder of the Silk Road, Ross Ulbricht, may have approximately 430 BTC remaining in his wallet that was not seized. These BTC have not been moved for over 13 years.
These BTC may have been "dust wallets" at the time, and are now worth approximately $47 million.
If Ross Ulbricht can still find the private key, he may be able to recover these assets.
President Trump is excited about establishing a strategic Bitcoin reserve.