Silk Road founder’s 300 Bitcoin payday unlikely ‘a self donation’ — ZachXBT
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ZachXBT says both the wallet addresses that sent Silk Road founder Ross Ulbricht 300 Bitcoin were active in 2014 and 2019 while he was in prison.
Ross Ulbricht’s recent receipt of 300 Bitcoin is from “questionable sources,” but it’s unlikely to be a case where he donated it to himself, says blockchain researcher ZachXBT.
Ulbricht, who founded the infamous online black market Silk Road, received 300 Bitcoin (BTC), worth $31.4 million, to his wallet that was soliciting donations, Blockchain analytics firm Lookonchain said in a June 1 post to X.
The funds came from wallets using a centralized mixing service called Jambler, which led some social media users to speculate, without evidence, that the funds could be Ulbricht’s profits from the Silk Road, which he might have hidden away before he was nabbed by authorities and sent to prison.
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