#Wallet Containing 430 BTC Discovered#
Hot Topic Overview
Overview
Coinbase Director of Product Strategy and Business Operations Conor Grogan recently tweeted that he had discovered approximately 430 Bitcoin distributed across multiple wallets associated with Silk Road founder Ross Ulbricht. These Bitcoin were not seized by the U.S. government and have been untouched for over 13 years. The wallets were likely "dust wallets" back then, but today they are worth an estimated $47 million. Grogan quipped that he's unsure if Ross still holds the private keys to these wallets and reminded him not to forget to check his (BCH) airdrop rewards.
Ace Hot Topic Analysis
Analysis
Conor Grogan, Director of Product Strategy and Business Operations at Coinbase, recently discovered 430 Bitcoin wallets associated with Ross Ulbricht, the founder of Silk Road. These wallets were created 13 years ago and were likely "dust wallets" at the time, meaning they contained negligible amounts and were therefore ignored. Today, the total value of these wallets is approximately $47 million. Grogan said that the Bitcoins were not seized by the US government and it is unclear whether Ulbricht still retains the private keys to these wallets. He joked that Ulbricht might want to check these wallets to see if there were any BCH airdrop rewards. This discovery has sparked speculation about whether Ulbricht could still recover these assets and serves as a reminder that even seemingly insignificant digital assets can become incredibly valuable over time.
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 and have been inactive for over 13 years.
These Bitcoins may have been "dust wallets" at the time, but their total value now is estimated to be around $47 million.
Ross Ulbricht may still possess the private keys to these wallets and may be able to recover these assets.
Coinbase executive Conor Grogan discovered these wallets and reminded Ross Ulbricht to check for (BCH) airdrop rewards.