#430 BTC Not Confiscated#
Hot Topic Overview
Overview
Conor Grogan, Director of Product Strategy and Business Operations at Coinbase, recently discovered that approximately 430 Bitcoin exist in dozens of wallets associated with Ross Ulbricht, the founder of Silk Road, which were not seized by the U.S. government at the time and have remained untouched for over 13 years. These wallets may have been “dust wallets” back then, but they are now worth approximately $47 million. It remains unclear whether Ross Ulbricht still holds the private keys to these wallets. If he can locate them, he may be able to recover these assets.
Ace Hot Topic Analysis
Analysis
Coinbase Director of Product Strategy and Business Operations, Conor Grogan, has discovered 430 Bitcoin linked to Silk Road founder Ross Ulbricht, spread across multiple wallets, that were never seized by the US government and have been untouched for over 13 years. These wallets may have been "dust wallets" at the time, but their total value now sits at around $47 million. Grogan is unsure if Ulbricht still holds the private keys to these wallets and reminded him not to forget to check for BCH airdrop rewards. This discovery has sparked speculation about whether Ulbricht could reclaim these assets, highlighting the decentralized nature of cryptocurrency and the importance of private key management.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Ross Ulbricht may have lost 430 bitcoins worth $47 million that were not seized during the Silk Road era and have remained untouched for 13 years.
These bitcoins may have been just "dust wallets" that were worth little at the time, but their value has increased significantly.
If Ross Ulbricht could find the private keys, he could potentially recover this portion of his assets.
Coinbase Director Conor Grogan discovered these bitcoin wallets and reminded Ross Ulbricht to not forget to check for (BCH) airdrop rewards.