#Wallet Containing 430 BTC Discovered#
Hot Topic Overview
Overview
Coinbase Product Strategy and Business Operations Director Conor Grogan recently discovered 430 Bitcoin wallets associated with Silk Road founder Ross Ulbricht, which were likely "dust wallets" when created 13 years ago, but are now worth $47 million. These Bitcoins were not confiscated by the US government back then and remain dormant. Grogan reminded Ulbricht that he could recover these assets and quipped that he should check for his BCH airdrop rewards.
Ace Hot Topic Analysis
Analysis
Coinbase Director of Product Strategy and Operations Conor Grogan recently tweeted that he found about 430 Bitcoin in multiple wallets related to Silk Road founder Ross Ulbricht, which were not seized by the US government and have been inactive for over 13 years. These wallets were likely just "dust wallets" at the time, but now they are worth about $47 million. Grogan joked that he wasn't sure if Ross still had the private keys to these wallets and reminded him not to forget to check for (BCH) airdrop rewards. The discovery has sparked speculation as to whether Ross Ulbricht can still recover these assets and who will ultimately own them.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Silk Road founder Ross Ulbricht's 430 Bitcoin wallets contain about $47 million worth of Bitcoin that was not seized by the U.S. government.
These Bitcoins were likely just 'dust wallets' 13 years ago, when they were worth a pittance, but their value has skyrocketed since then.
Ross Ulbricht may have forgotten the private keys to these wallets, but he could recover this portion of his assets if he could find them.
Coinbase director Conor Grogan discovered these wallets and reminded Ross Ulbricht not to forget to check for (BCH) airdrop rewards.