#Wallet Containing 430 BTC Discovered#
Hot Topic Overview
Overview
Conor Grogan, Director of Product Strategy and Business Operations at Coinbase, recently discovered that around 430 bitcoins from the wallets associated with Ross Ulbricht, founder of Silk Road, have not been seized by the US government and have remained untouched for over 13 years. These bitcoins were likely "dust wallets" at the time, but their total value now stands at approximately $47 million. Grogan jokingly questioned whether Ross still retains the private keys to these wallets and reminded him to check for BCH airdrop rewards.
Ace Hot Topic Analysis
Analysis
Coinbase Director of Product Strategy and Business Operations, Conor Grogan, recently tweeted that he discovered about 430 Bitcoin distributed across multiple wallets associated with Silk Road founder Ross Ulbricht, which were not seized by the U.S. government and have been dormant for over 13 years. These wallets may have been simply "dust wallets" at the time, but they are now worth approximately $47 million. Grogan also joked that he was unsure if Ross still had the private keys to these wallets and reminded him not to forget to check for (BCH) airdrop rewards. It is understood that these Bitcoin addresses were likely "dust wallets" back in the day, meaning they contained amounts too small to be of interest. However, with the continued rise in Bitcoin's price, these "dust wallets" are now worth a significant amount. If Ross Ulbricht can still find the private keys, he might be able to reclaim these assets.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Silk Road founder Ross Ulbricht's 430 Bitcoin wallets were not seized by the US government, now worth about $47 million.
These Bitcoin wallets may just be 'dust wallets' that were overlooked back then, and their value has skyrocketed now.
Ross Ulbricht may still have the private keys to these wallets, and he can recover these assets.
Coinbase executive Conor Grogan discovered these wallets and reminded Ross Ulbricht not to forget to check for BCH airdrop rewards.