#Wallet Containing 430 BTC Discovered#
Hot Topic Overview
Overview
Coinbase's Director of Product Strategy and Business Operations, Conor Grogan, recently tweeted that he found approximately 430 Bitcoin in multiple wallets associated with Silk Road founder Ross Ulbricht. These Bitcoins were not seized by the US government and have been untouched for over 13 years. These wallets may have simply been "dust wallets" at the time, but their total value today is around $47 million. Grogan is unsure if Ulbricht still holds the private keys to these wallets and reminded him to check for any (BCH) airdrop rewards.
Ace Hot Topic Analysis
Analysis
Conor Grogan, Coinbase's Director of Product Strategy and Business Operations, recently discovered 430 Bitcoin associated with Ross Ulbricht, the founder of Silk Road, spread across multiple wallets and untouched for over 13 years. These Bitcoins were likely "dust wallets" at the time, meaning they held small amounts that were not considered significant, but today they are worth approximately $47 million. Grogan said that these Bitcoins were not seized by the US government at the time, and it is currently unclear whether Ulbricht still holds the private keys to these wallets. If Ulbricht can still locate the private keys, he may be able to reclaim these assets. Grogan also joked that Ulbricht shouldn't forget to check for BCH airdrop rewards.
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 confiscated by the US government at the time and have not been moved for over 13 years.
These bitcoins may have been simply "dust wallets" at the time, meaning that the amount in the wallets was too small to be noticed, but now the total value has reached about $47 million.
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 the (BCH) airdrop rewards.