#Wallet Containing 430 BTC Discovered#
Hot Topic Overview
Overview
Conor Grogan, Director of Product Strategy and Business Operations at Coinbase, recently discovered that approximately 430 bitcoins from the 430 Bitcoin wallets associated with Ross Ulbricht, the founder of Silk Road, were not seized by the US government and have remained untouched for over 13 years. These wallets were likely just "dust wallets" at the time, but their total value now stands at roughly $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 Product Strategy and Business Operations Director Conor Grogan recently tweeted that he had found about 430 Bitcoin associated with Silk Road founder Ross Ulbricht, distributed across multiple wallets, that had not been seized by the US government and had not moved in over 13 years. These wallets may have been "dust wallets" at the time, meaning they contained too small an amount to be cared about, but their total value is now around $47 million. Grogan quipped that he wasn't sure if Ross still held the private keys to these wallets and reminded him to check for (BCH) airdrop rewards. The discovery has sparked speculation about whether Ross Ulbricht could still recover these assets and the ultimate ownership of these Bitcoin.
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
dollars
These
bitcoins
may
have
been
in
a
dust
wallet
13
years
ago
and
have
now
grown
significantly
in
value
It
is
unclear
whether
Ross
Ulbricht
can
still
find
the
private
keys
to
these
wallets
and
recover
these
assets
This
discovery
has
raised
concerns
about
the
security
and
private
key
management
of
cryptocurrencies