Crypto Regulation

Coinbase Exec Finds 430 BTC Linked to Ulbricht After His Release

Coinbase’s Conor Grogan uncovered 430 BTC linked to Silk Road founder Ross Ulbricht.

Valued around $60,000 in 2013, these funds are worth over $45 million now.

Ross Ulbricht received a full pardon from President Donald Trump on January 21 after more than a decade in prison.

I found ~430 BTC across dozens of wallets associated with Ross Ulbricht that were not confiscated by the USGovt and have been untouched for 13+ years

Back then these were probably dust wallets, now, collectively, they are worth about $47M.

Welcome back Ross pic.twitter.com/KmCp4xcrI7

— Conor (@jconorgrogan) January 22, 2025

I found ~430 BTC across dozens of wallets associated with Ross Ulbricht that were not confiscated by the USGovt and have been untouched for 13+ years

Back then these were probably dust wallets, now, collectively, they are worth about $47M.

Welcome back Ross

— Conor (@jconorgrogan)

Presidential Pardon

Crypto Market Reacts Positively