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Coinbase govt Conor Grogan stated he has found 430 Bitcoin related to Silk Street creator Ross Ulbricht which were untouched for 13 years.
The BTC is saved throughout a number of wallets, all linked to Ulbricht, who obtained an unconditional pardon from President Donald Trump on Tuesday, Grogan stated in a put up on X.
These Bitcoins should not a part of round 174,000 BTC confiscated from Silk Street wallets by the US authorities after closing the darkish web market, stated Grogan, who’s director of product technique and enterprise operations at Coinbase, the US’s greatest crypto alternate.
A screenshot of one in every of Ulbrich’s alleged Bitcoin addresses is shared on Grogan’s X put up. The tackle exhibits a stability of 88.77 BTC, in response to blockchain explorer Mempool.
“Again then these had been in all probability mud wallets, now, collectively, they’re price about $47M,” stated Grogan, including: “Welcome again Ross.”
Nonetheless, Grogan doesn’t consider that Ulbricht nonetheless retains keys for these wallets. In one of many feedback he added: “Unlikely if he has the keys nonetheless saved down wherever, I suppose I we’ll know quickly sufficient!”
Ross Ulbricht Obtained Pardon From President Donald Trump
US President Donald Trump granted a full and unconditional pardon to Silk Street founder Ross Ulbricht on Tuesday. Ulbricht, who created and maintained the darkish web market Digital Silk, had been imprisoned for 12 years.
“I simply known as the mom of Ross William Ulbright to let her know that in honor of her and the Libertarian Motion, which supported me so strongly, it was my pleasure to have simply signed a full and unconditional pardon of her son, Ross,” Trump stated on the Reality Social platform.
“Phrases can not categorical how grateful we’re,” stated Ross’ household on the X account that led the Free Ross marketing campaign, including: “President Trump is a person of his phrase and he simply saved Ross’s life. ROSS IS A FREE MAN!!!!!”
Ross was simply granted a FULL AND UNCONDITIONAL PARDON by @realDonaldTrump. Phrases can not categorical how grateful we’re.
President Trump is a person of his phrase and he simply saved Ross’s life. ROSS IS A FREE MAN!!!!!
— Free_Ross (@Free_Ross) January 21, 2025
Ross Ulbricht was convicted of two life sentences plus 40 years for his function in working Silk Street. The darknet market organized the sale of unlawful medicine and different forbidden items and providers, utilizing Bitcoin. Ulbricht was arrested in 2013 and convicted in 2015.
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