Ross Ulbricht Cashes Out $31M Bitcoin Donation Within 24 Hours Amid Controversy
The post Ross Ulbricht Cashes Out $31M Bitcoin Donation Within 24 Hours Amid Controversy appeared on BitcoinEthereumNews.com.
Ross Ulbricht, the founder of the infamous Silk Road marketplace, recently received a 300 Bitcoin donation into a wallet known to be soliciting support for his cause. The move quickly drew attention across the crypto community. Specifically, some speculate that the coins could be part of Ulbricht’s hidden Silk Road stash, suggesting a self-donation. However, crypto investigator ZachXBT pushed back on these claims. According to him, the funds originated from wallets that utilized Jambler, a centralized Bitcoin mixing service. Likely Source of the 300 BTC ZachXBT revealed that the addresses had histories dating as far back as 2014 and 2019 and had remained dormant until activity resumed between April and May 2025. Both addresses deposited significant amounts into Jambler shortly before the 300 BTC donation was sent to Ulbricht. ZachXBT explained that while the transaction probably isn’t a self-donation, as some have alleged, it raises concerns due to its origin from a flagged address associated with questionable sources. He also emphasized that privacy-focused users typically opt for decentralized mixers, not centralized ones like Jambler. Update: Few entities regularly use Jambler in size so I found a potential demix for the donation. 1Mp5hH originates from late 2014 exchange activity. 1CNDW has 2019 exchange activity and was previously flagged in compliance tools. 1Mp5hH & 1CNDW were depositing in size to… — ZachXBT (@zachxbt) June 2, 2025 Meanwhile, it’s worth noting that Ulbricht has already cashed out the disputed 300 BTC. Data from Arkham shows he withdrew the tokens to an external wallet 24 hours ago. That wallet now holds only $1,968 in crypto. Ross Ulbricht Bitcoin wallet activity Silk Road Ties Still Under the Microscope Ulbricht, who was arrested in 2013 and sentenced in 2015 to a double life sentence plus 40 years, served 11 years in prison before receiving a pardon…
Filed under: News - @ June 2, 2025 9:27 pm