Ross Ulbricht Auction Nets $1.8M in Bitcoin
Summary
An auction of personal belongings from Silk Road founder Ross Ulbricht raised over $1.8 million in Bitcoin. Items included personal effects from before his 2013 arrest and prison memorabilia. Ulbricht's final prison ID card sold for 11 BTC, exceeding $1.1 million. A collaborative painting with a fellow inmate fetched 1.01 BTC. Bidders were required to deposit 1% of their bid as collateral, with final payments due by June 2, accepting Bitcoin and smaller PayPal payments. Additionally, approximately 430 BTC, valued at around $47 million, remain in wallets likely tied to Ulbricht, which have been inactive for over 13 years and were never seized by authorities. Blockchain analytics confirmed the existence of these wallets linked to Silk Road.
