The Silk Road founder could be one of the world's richest people if he gets his bitcoin back from the U.S government.
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?
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.
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.
President Trump's decision to issue a pardon to Ulbricht came after ongoing pressure from his mother, and from Bitcoin-loving libertarians who regarded h
Bitcoiners celebrate as the pardon came hours after Senator Rand Paul sent a compelling letter to the White House.
President Donald Trump granted a pardon to Silk Road marketplace founder Ross Ulbricht, a promise he made to the cryptocurrency industry during his campaign.
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.
Silk Road founder Ross Ulbricht is free after President Donald Trump pardoned him. But who is he and what did he do?
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.
Bitcoin is up nearly 5% after Donald Trump granted a full and unconditional pardon to Ross Ulbricht, the creator of darkweb marketplace Silk Road.
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,