$31M In Bitcoin Floods In For Silk Road Founder Ross Ulbricht As Support Grows
The post $31M In Bitcoin Floods In For Silk Road Founder Ross Ulbricht As Support Grows appeared on BitcoinEthereumNews.com. Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ross Ulbricht has received a massive gift from the crypto world. He was pardoned earlier this year and, within hours, 300 Bitcoins—worth about $31.4 million—were sent to his donation wallet. He’s already seen support from big players like Kraken, which gave $111,111 in Bitcoin, and grassroots efforts that raked in roughly $270,000. Now he has enough to start over, and many in the crypto community are watching closely. Community Support Flows According to blockchain analysis platform Lookonchain, the 300 BTC landed in Ulbricht’s wallet just hours after it was sent. This isn’t the first time generous backers have reached out. Ross Ulbricht(@RealRossU), the founder of the #SilkRoad marketplace, received 300 $BTC($31.4M) to his donation wallet 8 hours ago.https://t.co/3DEsM9rpBq pic.twitter.com/JoUMNqM99p — Lookonchain (@lookonchain) June 1, 2025 Earlier in 2025, Kraken quietly wired over $111,111 to help him adjust to life outside prison. A group called Free Ross has claimed more than $270,000 in donations. Another address tied to Ulbricht gathered $4,615 in Ethereum, USDC, Tether (USDT), and Binance Coin (BNB). All of this suggests that plenty of people still care deeply about his fate. Presidential Pardon And Backlash On January 21, 2025, US President Donald Trump signed a full and unconditional pardon for Ulbricht. He’d spent 11 years serving a double life sentence without parole after being convicted in New York in 2015 of narcotics and money-laundering conspiracy. BTC is now trading at $103,943. Chart: TradingView Based on reports, Ulbricht could have access to inactive Bitcoin wallets connected to Silk Road, and those wallets may hold roughly $47 million. That potential stash has only fueled more debate: some ask whether he really needs outside donations if he can tap into $47 million in dormant coins. Auction Of Personal…
The post $31M In Bitcoin Floods In For Silk Road Founder Ross Ulbricht As Support Grows appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ross Ulbricht has received a massive gift from the crypto world. He was pardoned earlier this year and, within hours, 300 Bitcoins—worth about $31.4 million—were sent to his donation wallet. He’s already seen support from big players like Kraken, which gave $111,111 in Bitcoin, and grassroots efforts that raked in roughly $270,000. Now he has enough to start over, and many in the crypto community are watching closely. Community Support Flows According to blockchain analysis platform Lookonchain, the 300 BTC landed in Ulbricht’s wallet just hours after it was sent. This isn’t the first time generous backers have reached out. Ross Ulbricht(@RealRossU), the founder of the #SilkRoad marketplace, received 300 $BTC($31.4M) to his donation wallet 8 hours ago.https://t.co/3DEsM9rpBq pic.twitter.com/JoUMNqM99p — Lookonchain (@lookonchain) June 1, 2025 Earlier in 2025, Kraken quietly wired over $111,111 to help him adjust to life outside prison. A group called Free Ross has claimed more than $270,000 in donations. Another address tied to Ulbricht gathered $4,615 in Ethereum, USDC, Tether (USDT), and Binance Coin (BNB). All of this suggests that plenty of people still care deeply about his fate. Presidential Pardon And Backlash On January 21, 2025, US President Donald Trump signed a full and unconditional pardon for Ulbricht. He’d spent 11 years serving a double life sentence without parole after being convicted in New York in 2015 of narcotics and money-laundering conspiracy. BTC is now trading at $103,943. Chart: TradingView Based on reports, Ulbricht could have access to inactive Bitcoin wallets connected to Silk Road, and those wallets may hold roughly $47 million. That potential stash has only fueled more debate: some ask whether he really needs outside donations if he can tap into $47 million in dormant coins. Auction Of Personal…
What's Your Reaction?
