#430 BTC Not Confiscated#
Hot Topic Overview
Overview
Coinbase product strategy and business operations director Conor Grogan has found 430 bitcoins linked to Silk Road founder Ross Ulbricht that were not seized by the U.S. government 13 years ago, currently valued at roughly $47 million. These bitcoins were likely “dust wallets” at the time, but they have since become quite valuable. Grogan is unsure whether Ulbricht still holds the private keys to these wallets and reminded him not to forget to check for BCH airdrop rewards.
Ace Hot Topic Analysis
Analysis
Coinbase Product Strategy and Business Operations Director Conor Grogan has discovered 430 Bitcoin related to Silk Road founder Ross Ulbricht, spread across multiple wallets and untouched for over 13 years. These Bitcoins were likely just "dust wallets" back then, but their total value today is estimated to be around $47 million. Grogan is unsure if Ross still holds the private keys to these wallets and reminds him to check for (BCH) airdrop rewards. This discovery has sparked speculation about whether Ross Ulbricht can recover these assets, further demonstrating the security of Bitcoin as a decentralized digital currency.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Silk Road founder Ross Ulbricht may have lost 430 bitcoins worth $47 million, which were forgotten in multiple wallets 13 years ago, possibly just "dust wallets."
These bitcoins were never seized by the US government, and Ross Ulbricht may be able to recover these assets if he can still find the private keys.
Coinbase director Conor Grogan discovered these bitcoins and reminded Ross Ulbricht not to forget to check (BCH) airdrop rewards.
Despite the market's cautious stance on Trump's promises on cryptocurrency, MicroStrategy will continue to buy BTC and plans to raise $42 billion in capital through stock and convertible note offerings.