#Wallet Containing 430 BTC Discovered#
Hot Topic Overview
Overview
Coinbase's Director of Product Strategy and Business Operations, Conor Grogan, recently discovered that approximately 430 bitcoins from the 430 bitcoin wallets associated with Ross Ulbricht, the founder of Silk Road, have not been seized by the US government and have remained untouched for over 13 years. These bitcoins were likely "dust wallets" at the time, but their total value now is approximately $47 million. Grogan quipped that he wasn't sure if Ross still retained the private keys to these wallets, and reminded him to check for (BCH) airdrop rewards.
Ace Hot Topic Analysis
Analysis
Conor Grogan, Director of Product Strategy and Business Operations at Coinbase, recently discovered 430 Bitcoin associated with Silk Road founder Ross Ulbricht, spread across multiple wallets. These bitcoins were never confiscated by the US government and have remained untouched for over 13 years. These wallets were likely "dust wallets" at the time, meaning they contained such a small amount that they were disregarded. However, their total value now stands at approximately $47 million. Grogan jokingly questioned whether Ross still holds the private keys to these wallets and reminded him not to forget about the BCH airdrop rewards. This discovery has sparked speculation about whether Ross Ulbricht can still reclaim these assets and the ultimate fate of these Bitcoins.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Silk Road founder Ross Ulbricht may have lost 430 bitcoins worth $47 million, which may have been just 'dust wallets' 13 years ago, but now they have increased significantly in value.
It is unclear whether Ross Ulbricht can still find the private keys to these wallets and recover these assets.
Coinbase Director Conor Grogan discovered these bitcoins and reminded Ross Ulbricht to check for BCH airdrop rewards.