Ross Ulbricht Receives $31.4 Million Bitcoin Donation Amidst High-Profile Pardon
Ross Ulbricht Receives $31.4 Million Bitcoin Donation Amidst High-Profile Pardon
Ross Ulbricht, the founder of the infamous Silk Road marketplace, has received a significant donation of 300 Bitcoin (BTC), valued at approximately $31.4 million. The transaction, tracked by blockchain analytics firm Lookonchain, was sent to Ulbricht’s wallet on Sunday. Shortly after, the majority of these funds were transferred to the cryptocurrency exchange Kraken, as reported by Arkham data.
This development comes on the heels of Ulbricht’s high-profile pardon by former President Donald Trump. Ulbricht, who was sentenced to life in prison for creating and operating Silk Road, a notorious online marketplace for illicit goods, was fully and unconditionally pardoned on January 21. His release marked a significant turn of events in a case that has drawn widespread attention and debate.
Ulbricht made his first public appearance since his release at the Bitcoin 2025 conference over the weekend, further cementing his return to the public eye. The large Bitcoin donation and subsequent transfer to Kraken have sparked curiosity and speculation within the cryptocurrency community, as questions arise about the source of the funds and their intended use.
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