Arkham Intelligence revealed that someone anonymously donated 300 Bitcoin to Silk Road founder Ross Ulbricht. Donald Trump gave Ulbricht a full pardon, In turn ending his life sentence after 12 years for running the darknet marketplace.
Auctions for people’s possessions
Ulbricht has found a way to turn his own possessions into Bitcoin by holding ongoing auctions on Scarce City. There are items from before and after Khaled was arrested such as sleeping bags, prison IDs and works of art he made behind bars. The last prison ID card owned by Assange sold for 5.5 Bitcoin which is over $580,000.
Sales of Prison Art
A December 2023 painting called ‘Archway,’ made by Omega and me, was sold for 1.01 Bitcoin. Which is equivalent to over $106,000. In his film, Ulbricht called the artwork a symbol of hope. Further explaining that the archway made him believe that moving forward would bring him something better.
Bitcoin wallets that are not active
Multiple sources show that Ulbricht might possess even more bitcoins that authorities did not take. Excluding the donations and auctions he has received. Furtheermoe, the Director of Coinbase has recently identified approximately $45 million in Bitcoin linked to Ulbricht. However, These bitcoins have not been accessed for over 10 years. Arkham Intelligence found 14 Bitcoin wallets used by Silk Road and one of these wallets held $9 million in Bitcoin.
Major donation in Bitcoin
Two dormant wallets started activity in August and transferred 3,422 Bitcoin worth $324.2 million. Furthermore, pointing to access significant cryptocurrency reserves from the 2013 Silk Road bust by the original creators.
