Ross Ulbricht has received a massive gift from the crypto world. He was pardoned earlier this yr and, inside hours, 300 Bitcoins—price about $31.4 million—have been despatched to his donation pockets.
He’s already seen assist from massive gamers like Kraken, which gave $111,111 in Bitcoin, and grassroots efforts that raked in roughly $270,000. Now he has sufficient to begin over, and lots of within the crypto group are watching intently.
Community Support Flows
According to blockchain evaluation platform Lookonchain, the 300 BTC landed in Ulbricht’s pockets simply hours after it was despatched. This isn’t the primary time beneficiant backers have reached out.
Ross Ulbricht(@RealRossU), the founding father of the #SilkRoad market, acquired 300 $BTC($31.4M) to his donation pockets 8 hours in the past.https://t.co/3DEsM9rpBq pic.twitter.com/JoUMNqM99p
— Lookonchain (@lookonchain) June 1, 2025
Earlier in 2025, Kraken quietly wired over $111,111 to assist him regulate to life outdoors jail. A bunch known as Free Ross has claimed greater than $270,000 in donations.
Another handle tied to Ulbricht gathered $4,615 in Ethereum, USDC, Tether (USDT), and Binance Coin (BNB). All of this means that loads of folks nonetheless care deeply about his destiny.
Presidential Pardon And Backlash
On January 21, 2025, US President Donald Trump signed a full and unconditional pardon for Ulbricht. He’d spent 11 years serving a double life sentence with out parole after being convicted in New York in 2015 of narcotics and money-laundering conspiracy.
Based on reviews, Ulbricht may have entry to inactive Bitcoin wallets related to Silk Road, and people wallets might maintain roughly $47 million. That potential stash has solely fueled extra debate: some ask whether or not he actually wants outdoors donations if he can faucet into $47 million in dormant cash.
Auction Of Personal Items
Ulbricht has additionally turned to promoting items of his previous. Based on reviews from Scarce City—the Bitcoin-powered collectibles platform—he’s raised about $1.8 million by auctioning private gadgets and artwork.
His jail ID card drew the very best bid: 11 BTC, now price greater than $1.1 million. An oil portray made with assist from fellow inmate “Omega” bought for 1.01 BTC. Thirteen artifacts in all have been up for grabs, together with jail sneakers, a sweatsuit, a t-shirt, a jail pocket book, and a locker lock.
Before his arrest, he’d owned issues like a djembe drum, a backpack, and Vibram FiveFingers sneakers. Bidders should full cost by June 2, and Ulbricht has mentioned he’s prepared to maneuver on from these bodily reminders.
Featured picture from Unsplash, chart from TradingView
Editorial Process for bitcoinist is centered on delivering totally researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent overview by our workforce of prime expertise consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
