#Wallet Containing 430 BTC Discovered#
Hot Topic Overview
Overview
Conor Grogan, Director of Product Strategy and Business Operations at Coinbase, recently discovered that approximately 430 Bitcoin in 430 Bitcoin wallets associated with Ross Ulbricht, founder of Silk Road, were not seized by the US government and have remained untouched for over 13 years. These wallets may have been "dust wallets" at the time, but they now hold a total value of approximately $47 million. Grogan reminded Ulbricht not to forget to check for (BCH) airdrop rewards and stated that he is unsure if Ulbricht still possesses the private keys to these wallets.
Ace Hot Topic Analysis
Analysis
Conor Grogan, Director of Product Strategy and Business Operations at Coinbase, recently discovered that 430 Bitcoin wallets associated with Ross Ulbricht, founder of Silk Road, contain approximately 430 Bitcoin that were not seized by the US government at the time and have not been moved for over 13 years. These wallets may have been "dust wallets" at the time, meaning they contained such a small amount that they were not considered worthwhile, but today their total value is about $47 million. Grogan reminded Ulbricht to check for BCH airdrop rewards and said he is unsure if Ulbricht still has the private keys to these wallets. If Ulbricht can find the keys, he may be able to recover these assets.
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 moved for over 13 years.
These wallets were probably just "dust wallets" at the time, meaning that the amount in them was too small to be noticed, but their total value is now estimated to be around $47 million.
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 these assets.
Coinbase Director Conor Grogan discovered these wallets and reminded Ross Ulbricht not to forget to check for (BCH) airdrop rewards.