BitcoinSistemi 2025-06-01 20:53:07

A Massive Amount of Mysterious BTC Was Transferred to Ross Ulbricht, Who Lost All His Bitcoin to the US Government – What Does This Mean?

Silk Road founder Ross Ulbricht is back in the spotlight for the first time since he was released from custody following a presidential pardon in January. Released after 11 years in prison, Ulbricht auctioned off his personal belongings four months later and soon received a mysterious Bitcoin transfer worth millions of dollars. Several of Ulbricht’s personal belongings, including ID cards from his prison years, a blank rehabilitation notebook and oil paintings he made while in prison, were put up for sale on the Bitcoin-based auction platform Scarce City. The auction raised a total of 12.31 BTC, or about $1.3 million at current prices. The highest bid was Ulbricht’s last prison ID card, issued just months before his release. It sold for 5.5 BTC (around $600,000). Ulbricht said that a guard asked him not to smile during his ID photoshoot, but he smiled anyway: “My joy comes from within, so I smiled that day, even though I was in prison.” Related News: One of the Big Names in the Cryptocurrency Industry Allegedly on the Brink of Bankruptcy: Rapid Denial from the Company Immediately following the auction, a single transaction of 300 BTC (approximately $31 million) was made to a donation wallet linked to Ulbricht. This large transfer was spotted by Lookonchain and confirmed to have been transferred to Ulbricht’s donation wallet by Arkham Intelligence data. Some commentators suggested that this transaction might not have been a genuine donation at all, but a self-transfer from wallets Ulbricht had access to before his arrest in 2013. More than 2.6 BTC were previously donated to Ulbricht in January, the day he was pardoned by President Donald Trump, in over 170 transactions. *This is not investment advice. Continue Reading: A Massive Amount of Mysterious BTC Was Transferred to Ross Ulbricht, Who Lost All His Bitcoin to the US Government – What Does This Mean?