#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, spread across multiple wallets, that were not seized by the U.S. government and have been untouched for over 13 years. These wallets may have been "dust wallets" back then, but their total value now sits at approximately $47 million. Grogan reminded Ulbricht not to forget to check for (BCH) airdrop rewards, and said he is unsure if Ulbricht still retains the private keys to these wallets.
Ace Hot Topic Analysis
Analysis
Coinbase's Director of Product Strategy and Business Operations, Conor Grogan, recently uncovered 430 Bitcoin wallets linked to Ross Ulbricht, founder of Silk Road. These wallets were created 13 years ago, and may have been "dust wallets," meaning they contained such small amounts that they were not considered significant. These Bitcoins were never seized by the US government and are currently worth approximately $47 million. Grogan alerted Ulbricht to check these wallets, jokingly asking if he still remembers the private keys. This discovery has sparked speculation as to whether Ulbricht can still recover these assets, and is a reminder of the security of cryptocurrencies and the importance of private keys.
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, have remained untouched for over 13 years.
These bitcoin wallets may have been 'dust wallets' at the time, but their total value is now estimated at around $47 million.
Ross Ulbricht may still have the private keys to these wallets and could potentially recover these assets.
Coinbase director Conor Grogan discovered these wallets and reminded Ross Ulbricht to check for (BCH) airdrop rewards.