#Wallet Containing 430 BTC Discovered#
Hot Topic Overview
Overview
Conor Grogan, Director of Product Strategy and Business Operations at Coinbase, recently tweeted that he had discovered about 430 Bitcoin in multiple wallets associated with Ross Ulbricht, founder of Silk Road. These Bitcoins were not seized by the US government and have remained untouched for over 13 years. The wallets may have been "dust wallets" at the time, but today they are worth approximately $47 million. Grogan is unsure if Ross 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 Business Operations Director Conor Grogan recently tweeted that he found about 430 Bitcoins in multiple wallets related to Silk Road founder Ross Ulbricht, which were not seized by the US government and have been untouched for over 13 years. These wallets may have been "dust wallets" at the time, but their total value is now about $47 million. Grogan is unsure if Ross still has the private keys to these wallets and reminded him not to forget to check for (BCH) airdrop rewards. These Bitcoins may have been accumulated during the operation of Silk Road. Since the amount was small, they were not seized by the US government at the time. Now, with the surge in Bitcoin prices, the value of these "dust wallets" has increased significantly. If Ross Ulbricht can still find the private keys to these wallets, he will have the opportunity to recover this valuable asset.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Silk Road founder Ross Ulbricht's 430 Bitcoin wallets, some of which were not confiscated by the US government at the time, have not been touched for over 13 years.
These Bitcoins may have been 'dust wallets' at the time, but their total value has now reached about $47 million.
Ross Ulbricht may still have the private keys to these wallets and may be able to recover these assets.
Coinbase director Conor Grogan discovered these wallets and reminded Ross Ulbricht not to forget to check (BCH) airdrop rewards.