$47M Bitcoin wallet linked to Silk Road founder re-surfaces after a decade
Conor Grogan, a Director at Coinbase, identified 430 BTC potentially linked to Ross Ulbricht, founder of the Silk Road marketplace. These Bitcoin holdings, untouched for over a decade, are valued at approximately $47 million. The funds are separate from over 100,000 BTC seized by US authorities during the 2013 Silk Road shutdown. One wallet contains 89.77 BTC worth about $9.5 million, alongside smaller amounts of Bitcoin Cash. Grogan speculated on Ulbricht's access to the private keys needed to retrieve these funds after years of inactivity. The findings have sparked mixed reactions in the crypto community, with some expressing concern over potential attention on Ulbricht. Grogan noted that the wallet information is publicly available and referenced in court documents. Ulbricht, convicted in 2015, received a presidential pardon from Donald Trump on January 22, reigniting discussions about his role in Bitcoin's early development and his representation of decentralization principles.
