Crypto community fuels Ulbricht’s fresh start with millions in donations
The post Crypto community fuels Ulbricht’s fresh start with millions in donations appeared on BitcoinEthereumNews.com.
Silk Road founder Ross Ulbricht has received a transfer of 300 Bitcoins in donations, valued at approximately $31.4 million. According to the blockchain analysis platform Lookonchain, the funds were sent to Ulbricht’s donation wallet just a few hours ago. Crypto community fuels Ulbricht’s fresh start with millions in donations The generous donation is another line of donations Ulbricht has seen since being released. Kraken, a cryptocurrency exchange, donated $111,111 in Bitcoin earlier this year to help him adjust to life outside prison. Free Ross also claims to have received over $270,000 in cryptocurrency donations to help Ulbricht prepare for life after prison. Another address associated with Ulbricht collected $4,615 in Ethereum, USDC, Tether (USDT), and Binance Coin (BNB) in the same period. On January 21, 2025, Donald Trump signed a full and unconditional pardon for Silk Road dissenter and operator after 11 years of a double life sentence without parole. Ulbricht was convicted in 2015 in New York in a narcotics and money-laundering conspiracy and sentenced to life in prison. Despite his release, questions have been raised as to the financial status of Ulbricht, as reports indicate he could hold access to inactive Bitcoin wallets associated with Silk Road, believed to contain approximately $47m. Ulbricht has been in the news recently after attending the Bitcoin 2025 conference, where he thanked his staunch supporters for coming to his aid while behind bars. He stressed the need for solidarity in the crypto community, saying, “You didn’t leave me. You didn’t forget me. You wrote me letters. You raised money for my defense.” Ulbricht sells some personal items to eliminate the reminders about his arrest The founder of the infamous Silk Road darknet marketplace has also raised approximately $1.8 million in Bitcoin through an auction of personal items and artwork created during his incarceration. The auction,…
Filed under: News - @ June 1, 2025 5:23 am