#Wallet Containing 430 BTC Discovered#
Hot Topic Overview
Overview
Conor Grogan, Director of Product Strategy and Business Operations at Coinbase, recently discovered 430 Bitcoin associated with Silk Road founder Ross Ulbricht, distributed across multiple wallets, which have not been seized by the US government and have remained untouched for over 13 years. These wallets may have been "dust wallets" at the time, but now their total value is approximately $47 million. Grogan said he is unsure whether Ulbricht still holds the private keys to these wallets and reminded him to check for BCH airdrop rewards.
Ace Hot Topic Analysis
Analysis
Conor Grogan, Director of Product Strategy and Business Operations at Coinbase, recently discovered that approximately 430 bitcoins from 430 bitcoin wallets associated with Ross Ulbricht, the founder of Silk Road, were not seized by the U.S. government and have been untouched for over 13 years. These wallets may have simply been "dust wallets" back then, but their total value now stands at approximately $47 million. Grogan believes that these bitcoins may have been forgotten by Ulbricht, and reminded him to check for BCH airdrop rewards. It is currently unclear whether Ulbricht still retains the private keys to these wallets. If he can find them, he could recover these assets. This discovery has raised concerns about cryptocurrency security and forgotten assets, and has also prompted people to re-examine the complexities of the Silk Road case.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Silk Road founder Ross Ulbricht's 430 Bitcoin wallets, some of which were not seized by the US government at the time, are worth about $47 million.
These Bitcoins may have been "dust wallets" at the time, as they were negligible in value and therefore ignored.
Ross Ulbricht may be able to recover these assets, provided he can still find the private keys.
Coinbase director Conor Grogan discovered these wallets and reminded Ross Ulbricht not to forget to check (BCH) airdrop rewards.