Coinbase Exec Says He Found 430 Bitcoin Linked To Silk Road Creator Ross Ulbricht
Coinbase executive Conor Grogan said he has discovered 430 Bitcoin associated with Silk Road creator Ross Ulbricht that have been untouched for 13 years. The BTC is stored across multiple wallets, all linked to Ulbricht, who received an unconditional pardon from President Donald Trump on Tuesday, Grogan said in a post on X. These Bitcoins are not part of around 174,000 BTC confiscated from Silk Road wallets by the US government after closing the dark net marketplace, said Grogan, who is director of product strategy and business operations at Coinbase, the US’s biggest crypto exchange. A screenshot of one of Ulbrich’s alleged Bitcoin addresses is shared on Grogan’s X post. The address shows a balance of 88.77 BTC, according to blockchain explorer Mempool. “Back then these were probably dust wallets, now, collectively, they are worth about $47M,” said Grogan, adding: “Welcome back Ross.” However, Grogan doesn’t believe that Ulbricht sti...