A Huge Quantity of Mysterious BTC Was Transferred to Ross Ulbricht, Who Misplaced All His Bitcoin to the US Authorities – What Does This Imply? – BitRss

Silk Street founder Ross Ulbricht is again within the highlight for the primary time since he was launched from custody following a presidential pardon in January.

Launched after 11 years in jail, Ulbricht auctioned off his private belongings 4 months later and shortly acquired a mysterious Bitcoin switch value thousands and thousands of {dollars}.

A number of of Ulbricht’s private belongings, together with ID playing cards from his jail years, a clean rehabilitation pocket book and oil work he made whereas in jail, have been put up on the market on the Bitcoin-based public sale platform Scarce Metropolis. The public sale raised a complete of 12.31 BTC, or about $1.3 million at present costs.

The very best bid was Ulbricht’s final jail ID card, issued simply months earlier than his launch. It bought for five.5 BTC (round $600,000). Ulbricht mentioned {that a} guard requested him to not smile throughout his ID photoshoot, however he smiled anyway: “My pleasure comes from inside, so I smiled that day, despite the fact that I used to be in jail.”

Instantly following the public sale, a single transaction of 300 BTC (roughly $31 million) was made to a donation pockets linked to Ulbricht. This massive switch was noticed by Lookonchain and confirmed to have been transferred to Ulbricht’s donation pockets by Arkham Intelligence knowledge.

Some commentators steered that this transaction won’t have been a real donation in any respect, however a self-transfer from wallets Ulbricht had entry to earlier than his arrest in 2013.

Greater than 2.6 BTC have been beforehand donated to Ulbricht in January, the day he was pardoned by President Donald Trump, in over 170 transactions.

*This isn’t funding recommendation.

Comply with our Telegram and Twitter account now for unique information, analytics and on-chain knowledge!