#Wallet Containing 430 BTC Discovered#
Hot Topic Overview
Overview
Conor Grogan, Director of Product Strategy and Business Operations at Coinbase, recently discovered approximately 430 bitcoins in dozens of wallets linked to Ross Ulbricht, the founder of Silk Road, which were not confiscated by the U.S. government 13 years ago and have remained dormant ever since. These wallets were likely "dust wallets" at the time but are now worth about $47 million. Grogan warns that Ulbricht could potentially recover these assets, but only if he can find the private keys to those wallets.
Ace Hot Topic Analysis
Analysis
Conor Grogan, Director of Product Strategy and Business Operations at Coinbase, recently discovered 430 bitcoins associated with Silk Road founder Ross Ulbricht, distributed across multiple wallets. These bitcoins have not been 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 now is approximately $47 million. Grogan quipped that he's unsure if Ross still holds the private keys to these wallets and reminded him to check for (BCH) airdrop rewards. This discovery has garnered widespread attention, leading to speculation about whether Ross can still find the private keys and recover these assets.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Silk Road founder Ross Ulbricht's 430 Bitcoin wallets have been found, which were not seized by the US government 13 years ago, worth about $47 million.
These Bitcoins may be just "dust wallets", which were insignificant in value at the time, but now have increased significantly.
It is unclear whether Ross Ulbricht still has the private keys to these wallets, and if he can find them, he may be able to recover this part of the assets.
Coinbase Director Conor Grogan discovered these wallets and reminded Ross Ulbricht not to forget to check BCH airdrop rewards.