Cryptocurrency wallets linked to Silk Road on the Darknet market are starting to move again, less than a year after US President Donald Trump granted their founder, Ross Ulbricht, a full pardon.
Silk Road-branded cryptocurrency wallets woke up on Tuesday to transfer nearly $3.14 million worth of Bitcoin (Bitcoin), According to To the Arkham blockchain data platform.
The 176 transfers represent the most significant portfolio activity in five years. Silk Road-linked wallets only carried out three small test transactions earlier this year.
All transfers were made to an unknown cryptocurrency wallet “bc1qn”. The primary Silk Road-branded wallets still hold about $38.4 million worth of Bitcoin, while the newly created address only holds the $3.14 million received in recent transactions.
Cointelegraph was unable to independently verify the owner of the new wallet and has reached out to Ulbricht for comment.
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In January, Trump gave a A full pardon for Silk Road founder Ross Ulbricht, who was serving a double sentence of life without parole.
Ulbricht was convicted in 2015 for his role in creating and operating Silk Road, a dark web marketplace that facilitates the anonymous trade of illicit goods using Bitcoin.
And after pardon Supporters contributed Nearly $270,000 in Bitcoin donations to the Free Ross campaign, according to onchain data.
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The Silk Road founder may still have millions in unconfiscated cryptocurrency wallets
While the US government He took over At least $3.36 billion worth of Bitcoin from Silk Road Some industry observers claim that Ross had several other Bitcoin wallets that were not discovered during the asset seizure.
Coinbase Exchange Director Conor Grogan open That 430 bitcoins, worth about $47 million, remains untouched in wallets likely linked to Ulbricht, which have been dormant for more than 13 years.
Another Silk Road-branded wallet, likely owned by Ulbricht, contained $8.3 million in bitcoin. With the exception of three small test transactions in the last 10 months, the wallet has been inactive for 14 years, According to To Arkham.
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