2 days ago
The laminitis of the darknet marketplace Silk Road, Ross Ulbricht, received 300 BTC, worthy astir $31.4 million, successful a azygous donation from an chartless wallet, data from Arkham Intelligence shows.
Ulbricht, who was sentenced to beingness successful prison, received a afloat and unconditional pardon from U.S. President Donald Trump connected January 21. He was released pursuing the pardon aft serving 12 years successful prison.
Blockchain data further indicates that Ulbricht transferred the received funds connected June 1, sending $31.29 cardinal to 1 code and $10,000.43 to another.
The latest donation magnitude acold exceeds those Ulbricht received aft his release. A wallet operated by the Free Ross run bagged $270,000 worthy of Bitcoin wrong days aft helium was freed. The funds were donated to “help Ross’s modulation into his caller life.”
Ulbricht’s idiosyncratic items person fetched $1.8 cardinal successful an auction truthful far
The supra transactions took spot aft Ulbricht had already secured $1.8 cardinal from his ongoing auction of idiosyncratic items. The auction, which is unrecorded till June 2, is being conducted connected the Bitcoin-only marketplace Scarce City.
In a enactment connected Scarce City, Ulbricht wrote:
“I’ve decided to auction immoderate idiosyncratic items from earlier my apprehension and during my clip successful prison. I don’t request the reminders, and I’m definite immoderate of you volition emotion to person them.”
The idiosyncratic items up for auction see a sleeping container and backpack from earlier his arrest, situation ID cards, and paintings helium created during his incarceration.
Ulbricht’s astir caller situation ID paper was sold for 5.5 BTC, worthy implicit $580,000, aft the winning bid of 11 BTC (worth astir $1.1 million) was not paid.
According to the item’s description, Ulbricht had to person his ID reissued with a caller photograph successful 2024 aft a situation defender threatened to suspend his visitation rights. Talking astir the ID photo, which depicts Ulbricht smiling, helium noted:
“The defender tried to get maine to halt smiling for the photo, but my joyousness comes from within, truthful I smiled that day, adjacent though I was successful situation :)”
A December 2023 lipid coating entitled ‘Archway,’ which Ulbricht created successful collaboration with a chap inmate who goes by Omega, was sold for 1.01 BTC, worthy implicit $106,000. The item’s statement noted that Omega had taught Ulbricht lipid coating techniques. He wrote:
“I loved the look of this archway successful a photograph truthful much, I had to overgarment it. It gave maine the feeling that, if I could walk done it, thing amended would beryllium connected the different side.”
Ulbricht tin entree millions of dollars worthy of dormant BTC
In summation to the ample sums Ulbricht has racked up successful donations, helium mightiness besides person entree to millions of dollars worthy of BTC that were ne'er seized by the U.S. government. During the 2013 Silk Road bust, the authorities had seized implicit 100,000 BTC.
On Jan. 22, Coinbase manager Conor Grogan found 430 BTC, worthy astir $47 million, crossed aggregate wallets linked to Ulbricht. These wallets were lying dormant for implicit 13 years, Grogan noted.
Grogan’s find was confirmed by Arkham Intelligence, which traced 14 Bitcoin wallets linked to Silk Road, 1 of which contains BTC worthy $9 million.
Earlier past month, 2 of these dormant wallets became active, transferring 3,422 BTC worthy $324.2 million.
The station Silk Road laminitis receives $31.4M BTC donation aft bagging $1.8M successful auction appeared archetypal connected CryptoSlate.
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