The founding father of the darknet market Silk Street, Ross Ulbricht, obtained 300 BTC, price round $31.4 million, in a single donation from an unknown pockets, information from Arkham Intelligence reveals.
Ulbricht, who was sentenced to life in jail, obtained a full and unconditional pardon from U.S. President Donald Trump on January 21. He was launched following the pardon after serving 12 years in jail.
Blockchain information additional signifies that Ulbricht transferred the obtained funds on June 1, sending $31.29 million to at least one tackle and $10,000.43 to a different.
The most recent donation quantity far exceeds these Ulbricht obtained after his launch. A pockets operated by the Free Ross marketing campaign bagged $270,000 price of Bitcoin inside days after he was freed. The funds have been donated to “assist Ross’s transition into his new life.”
Ulbricht’s private objects have fetched $1.8 million in an public sale to date
The above transactions came about after Ulbricht had already secured $1.8 million from his ongoing public sale of non-public objects. The public sale, which is dwell until June 2, is being carried out on the Bitcoin-only market Scarce Metropolis.
In a be aware on Scarce Metropolis, Ulbricht wrote:
“I’ve determined to public sale some private objects from earlier than my arrest and through my time in jail. I don’t want the reminders, and I’m positive a few of you’ll like to have them.”
The non-public objects up for public sale embrace a sleeping bag and backpack from earlier than his arrest, jail ID playing cards, and work he created throughout his incarceration.
Ulbricht’s most up-to-date jail ID card was bought for five.5 BTC, price over $580,000, after the successful bid of 11 BTC (price roughly $1.1 million) was not paid.
In response to the merchandise’s description, Ulbricht needed to have his ID reissued with a latest picture in 2024 after a jail guard threatened to droop his visitation rights. Speaking concerning the ID picture, which depicts Ulbricht smiling, he famous:
“The guard tried to get me to cease smiling for the picture, however my pleasure comes from inside, so I smiled that day, though I used to be in jail :)”
A December 2023 oil portray entitled ‘Archway,’ which Ulbricht created in collaboration with a fellow inmate who goes by Omega, was bought for 1.01 BTC, price over $106,000. The merchandise’s description famous that Omega had taught Ulbricht oil portray methods. He wrote:
“I cherished the look of this archway in {a photograph} a lot, I needed to paint it. It gave me the sensation that, if I might move by it, one thing higher can be on the opposite facet.”
Ulbricht can entry hundreds of thousands of {dollars} price of dormant BTC
Along with the massive sums Ulbricht has racked up in donations, he may additionally have entry to hundreds of thousands of {dollars} price of BTC that have been by no means seized by the U.S. authorities. Throughout the 2013 Silk Street bust, the federal government had seized over 100,000 BTC.
On Jan. 22, Coinbase director Conor Grogan discovered 430 BTC, price round $47 million, throughout a number of wallets linked to Ulbricht. These wallets have been mendacity dormant for over 13 years, Grogan famous.
Grogan’s discovery was confirmed by Arkham Intelligence, which traced 14 Bitcoin wallets linked to Silk Street, considered one of which accommodates BTC price $9 million.
Earlier final month, two of those dormant wallets turned energetic, transferring 3,422 BTC price $324.2 million.
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