#Wallet Containing 430 BTC Discovered#
Hot Topic Overview
Overview
Conor Grogan, Director of Product Strategy and Operations at Coinbase, recently discovered that about 430 Bitcoin from a wallet associated with Ross Ulbricht, founder of Silk Road, have not been seized by the US government and have remained dormant for over 13 years. These Bitcoin might have been "dust wallets" back then, but now their total value is about $47 million. Grogan reminded Ulbricht to check for BCH airdrop rewards and expressed uncertainty about whether Ulbricht still possesses the private keys to these wallets.
Ace Hot Topic Analysis
Analysis
Conor Grogan, Director of Product Strategy and Business Operations at Coinbase, recently discovered approximately 430 bitcoins associated with Ross Ulbricht, the founder of Silk Road. These bitcoins are distributed across multiple wallets, were not confiscated by the US government, and have remained untouched for over 13 years. These wallets may have been "dust wallets" at the time, but their total value now sits at approximately $47 million. Grogan stated that he is unsure if Ross Ulbricht still possesses the private keys to these wallets and reminded him to check for (BCH) airdrop rewards. This discovery has sparked speculation about whether Ross Ulbricht can recover these assets and the ultimate ownership of these bitcoins.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Silk Road founder Ross Ulbricht may have lost 430 bitcoins worth $47 million, which may have been a "dust wallet" 13 years ago, but now they are worth a lot more.
Ross Ulbricht may try to recover these bitcoins, but he needs to find the corresponding private keys.
Coinbase executive Conor Grogan discovered these bitcoins and reminded Ross Ulbricht not to forget to check BCH airdrop rewards.