Silk Road-linked Bitcoin wallets move $3M to new address

4 months ago

The Silk Road-linked wallets inactive clasp astir $38.4 cardinal worthy of BTC, with millions perchance sitting successful different unseized wallets.

Silk Road-linked Bitcoin wallets determination $3M to caller address

Darknet marketplace Silk Road-linked cryptocurrency wallets are moving again, little than a twelvemonth aft US President Donald Trump granted its founder, Ross Ulbricht, a afloat pardon.

Silk Road-tagged cryptocurrency wallets awoke Tuesday to transportation astir $3.14 cardinal worthy of Bitcoin (BTC), according to blockchain information level Arkham.

The 176 transfers people the wallet’s astir important enactment successful 5 years. Silk Road-related wallets executed lone 3 tiny trial transactions earlier this year.

The transfers were each made to an chartless cryptocurrency wallet “bc1qn.” The superior Silk Road–tagged wallets inactive clasp astir $38.4 cardinal successful Bitcoin, portion the recently created code is holding lone the $3.14 cardinal received successful the caller transactions.

Cointelegraph was incapable to independently verify the proprietor of the caller wallet and has reached retired to Ulbricht for comment.

In January, Trump gave a afloat pardon to Silk Road laminitis Ross Ulbricht, who had been serving a treble beingness condemnation without parole.

Ulbricht was convicted successful 2015 for his relation successful creating and operating Silk Road, a darknet marketplace that facilitated the anonymous commercialized of illicit goods utilizing Bitcoin.

Following the pardon, supporters person contributed astir $270,000 successful Bitcoin donations to the Free Ross campaign, according to onchain data.

Silk Road laminitis whitethorn inactive clasp millions successful unseized crypto wallets

While the US authorities seized astatine slightest $3.36 cardinal successful Bitcoin from Silk Road, immoderate manufacture watchers assertion that Ross had aggregate different Bitcoin wallets that weren’t discovered during the plus seizure.

Coinbase speech manager Conor Grogan revealed that 430 BTC, worthy astir $47 million, remains untouched successful wallets apt linked to Ulbricht, which person been dormant for implicit 13 years.

Another Silk Road-tagged wallet apt belonging to Ulbricht holds $8.3 cardinal successful Bitcoin. Barring 3 tiny trial transactions successful the past 10 months, the wallet has been inactive for 14 years, according to Arkham.