#430 BTC Not Confiscated#
Hot Topic Overview
Overview
Coinbase's Director of Product Strategy and Business Operations, Conor Grogan, discovered 430 Bitcoin linked to Silk Road founder Ross Ulbricht, which were not seized by the U.S. government 13 years ago and are now worth approximately $47 million. These Bitcoins may have been "dust wallets" at the time but are now worth a considerable sum. Grogan said he is unsure if Ulbricht still holds the private keys to these wallets and reminded him to check for BCH airdrop rewards.
Ace Hot Topic Analysis
Analysis
Coinbase Product Strategy and Operations Director Conor Grogan has discovered 430 Bitcoins associated with Silk Road founder Ross Ulbricht, spread across multiple wallets and untouched for over 13 years. These Bitcoins were likely just "dust wallets" back then, but their total value now stands at around $47 million. Grogan is unsure if Ulbricht still possesses the private keys to these wallets and reminded him not to forget to check for BCH airdrop rewards. The discovery has sparked speculation about whether Ulbricht could reclaim these assets, and it also highlights the decentralized nature of cryptocurrencies and their potential for long-term value storage.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Silk Road founder Ross Ulbricht lost 430 bitcoins that could be worth $47 million, it is unclear whether he still holds the private keys to these wallets.
These bitcoins may just be 'dust wallets' that were overlooked in the past, but they are now worth a fortune, if Ross Ulbricht can find the private keys, he may be able to recover these assets.
Coinbase Director Conor Grogan discovered these bitcoins and reminded Ross Ulbricht to check for BCH airdrop rewards.
The Trump administration may set clearer regulations to integrate traditional finance and cryptocurrency, which would reduce costs and promote innovation.