Coinbase Executive Discovers Ross Ulbricht-Linked Wallets Holding 430 Bitcoin Worth Millions

Coinbase Executive Uncovers 430 Bitcoin Linked to Ross Ulbricht, Valued at $47M After 13 Years

Conor Grogan, Director of Product Strategy at Coinbase, recently revealed that 430 bitcoin tied to Ross Ulbricht, the former Silk Road founder, have remained untouched for over 13 years. Grogan traced the funds across multiple wallets that were not seized during the Silk Road takedown, initially considered “dust wallets.”

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Today, these wallets hold a combined value of approximately $47 million. However, it remains unclear whether Ulbricht still has access to the seed phrases for these wallets, leaving their fate uncertain.