Bitcoin News
By Sakamoto Nashi
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Ross Ulbricht, the convicted founder of the Silk Road dark web marketplace, has once again found himself in the spotlight after receiving and quickly withdrawing a large Bitcoin…
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The donation was first noticed by on-chain analysts, many of whom questioned its origin due to its significant size and sudden appearance.
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However, blockchain sleuth ZachXBT swiftly countered those claims. In a detailed investigation, he traced the Bitcoin’s origins to two addresses—1Mp5hH and 1CNDW—with transaction…
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Mixing services, often referred to as “tumblers,” are used to obscure the origin of cryptocurrency transactions by blending funds with those of others.
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Despite the ambiguity around the sender’s identity, ZachXBT concluded that the transaction was unlikely to be a self-donation by Ulbricht.
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The controversy deepened when it was revealed that Ulbricht had already moved the 300 BTC out of the donation wallet within 24 hours of receipt.
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This incident is just the latest chapter in the ongoing saga surrounding Ulbricht, who was sentenced in 2015 to double life imprisonment plus 40 years for his role in running…
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Since his release, Ulbricht has reentered the public sphere, engaging with supporters and even introducing fundraising initiatives.
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Still, Ulbricht’s past continues to haunt him. In January 2025, Conor Grogan, a director at Coinbase, reported the existence of 430 BTC—valued at over $45 million—in dormant…
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While no illegal activity has been proven in this latest episode, the mystery surrounding the donation, combined with the historical baggage of Silk Road, ensures that Ulbricht’s…
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