#Wallet Containing 430 BTC Discovered#
Hot Topic Overview
Overview
Coinbase product strategy and business operations director Conor Grogan recently discovered that 430 Bitcoin wallets associated with Silk Road founder Ross Ulbricht contain approximately 430 Bitcoin, which have been in existence for 13 years, but have never been seized by the US government and have never been moved. These wallets may have been "dust wallets" at the time, meaning they contained too little money to be noticed, but today their total value is about $47 million. Grogan reminded Ulbricht not to forget to check the BCH airdrop rewards, and said that if Ulbricht could find the private keys to these wallets, he might be able to recover these assets.
Ace Hot Topic Analysis
Analysis
Conor Grogan, Director of Product Strategy and Business Operations at Coinbase, recently discovered 430 Bitcoin related to Ross Ulbricht, the founder of Silk Road, spread across multiple wallets. These Bitcoins were not seized by the US government and have remained untouched for over 13 years. These wallets may have been "dust wallets" at the time, containing such a small amount that they were not considered significant. However, their total value now is approximately $47 million. Grogan is unsure if Ross still possesses the private keys to these wallets and reminds him to check for any BCH airdrop rewards. If Ross Ulbricht is able to locate the private keys, he may be able to recover these assets.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Silk Road founder, Ross Ulbricht, may have lost about 430 bitcoins worth roughly $47 million, stored across multiple wallets 13 years ago, which were probably just "dust wallets" at the time, but now worth a fortune.
These bitcoins were not seized by the US government, and it is unclear if Ross Ulbricht still has the private keys to these wallets.
If Ross Ulbricht can still find the private keys, he might be able to recover this part of his assets.
Coinbase director Conor Grogan discovered these bitcoins and reminded Ross Ulbricht not to forget to check for (BCH) airdrop rewards.