Ulbricht, who was convicted of running an anonymous online drug marketplace, became a hero to crypto-holders everywhere. What does his pardon signal for the future of the technology?
The Silk Road founder could be one of the world's richest people if he gets his bitcoin back from the U.S government.
Ross Ulbricht’s full pardon by President Trump marks a monumental victory for Bitcoiners, symbolizing justice for a man who became a beacon for freedom and innovation. This long-awaited moment proves the power of persistence and reminds us to keep advocating for Bitcoin and freedom.
Ulbricht could already be sitting on millions in Bitcoin, according to Conor Grogan, a director at the San Francisco-based cryptocurrency exchange Coinbase. Grogan noted that around 430 BTC—worth approximately $47 million—awaits untouched in wallets possibly linked to Ulbricht. These wallets have been dormant for over 13 years, he said.
Silk Road founder Ross Ulbricht reportedly still has about $47 million in Bitcoin that was not seized by the US governement.
President Donald Trump granted a pardon to Silk Road marketplace founder Ross Ulbricht, a promise he made to the cryptocurrency industry during his campaign.
Ulbricht's story has long been a lightning rod for discussions around sentencing reform, the ethics of decentralized platforms, and the role of government in
Ross Ulbricht’s pardon marks a historic event for crypto, but its impact on Bitcoin’s public image is a mixed bag, according to the community.
Bitcoiners celebrate as the pardon came hours after Senator Rand Paul sent a compelling letter to the White House.
After former President Donald Trump released Silk Road founder Ross Ulbricht from prison, the Bitcoin community donated cryptocurrencies to support Ulbricht’s FreeRoss.org fund. While many have donated money to Ulbricht since his release from federal prison after running Silk Road, many questions persist about his financial needs.
Bitcoin hit a new high as President Donald Trump made big moves after his inauguration—like freeing Silk Road founder Ross Ulbricht.
Coinbase director Conor Grogan says Bitcoin wallets left behind by Ross Ulbricht when he was imprisoned for his underground online marketplace Silk Road are still holding tens of millions of dollars worth of BTC.