According to Arkham Intelligence, his wallet address has received 2.62 BTC, approximately $272,000, which includes the Kraken donation. Another address associated with Ulbricht has collected $4,615 in Ethereum, USDC, Tether (USDT), and Binance Coin (BNB).
Wallets belonging to Ross Ulbricht, the imprisoned creator of the illegal drug marketplace Silk Road, were discovered on Wednesday, containing as many as 430 Bitcoin (CRYPTO: BTC) unmoved for over 13 years.
Ross Ulbricht was serving a life sentence for creating a site in a shady corner of the internet to sell heroin, cocaine and other illicit substances.
Ross Ulbricht, the creator of the Silk Road darknet marketplace, remains a controversial figure in cryptocurrency history. While his role in revolutionising Bitcoin’s use has long been debated, recent developments have brought his name back into the spotlight.
U.S. President Donald Trump on Tuesday pardoned Silk Road founder Ross Ulbricht, who was sentenced to life in prison for running an underground online marketplace where drug dealers and others conducted more than $200 million in illicit trade using bitcoin.
Bitcoin is up nearly 5% after Donald Trump granted a full and unconditional pardon to Ross Ulbricht, the creator of darkweb marketplace Silk Road.
Ulbricht was sentenced to life in prison in 2015 on charges related to his website, where users could buy and sell drugs and other illegal goods with bitcoin.
In 2015, a 31-year-old yoga enthusiast from Austin named Ross Ulbricht was found guilty of being the online drug kingpin “Dread Pirate Roberts.” Convicted on 7 counts, the judge sentenced him to life in prison. Trump pardoned Ulbricht on Tuesday and now he’s a free man after more than 10 years in custody.
President Donald Trump signed an executive order on Thursday to establish clear regulations around digital assets in the US.
Ross Ulbricht’s story has become a cornerstone of crypto history. To many veterans, he represents the raw, unfiltered ethos of Bitcoin’s early days: radical
Until, of course, in 2013 the Silk Road was shut down by FBI agents and Mr Ulbricht, then 29 years old, was arrested in the science-fiction section of a San Francisco public library. In 2015, after a four-week trial,