Silk Road founder Ross Ulbricht has raked in $1.8 million in Bitcoin from the sale of private gadgets linked to his incarceration. His jail ID card pulled in 11 BTC whereas an oil portray earned 1.2 BTC from the public sale.
Ross Ulbricht Earns Nearly $2 Million In Bitcoin From Prison Mementos
As Ross Ulbricht savors the style of freedom after over a decade behind bars, the Silk Road founder is parting methods along with his gadgets from jail. According to a listing description on Bitcoin-based market Scare City, Ulbricht opted to public sale the non-public results from his time in jail.
“I’ve decided to auction some personal items from before my arrest and during my time in prison,” mentioned Ulbricht. “I don’t need the reminders and I’m sure some of you will love to havee them.”
Right off the bat, bids for the gadgets started trickling in with Ulbricht’s jail ID card garnering a high bid of 11 BTC, valued at $1.1 million. The ID, that includes an image of a smiling Ross Ulbricht, has turn into an iconic merchandise amongst his jail paraphernalia.
Other gadgets like Ulbricht’s jail pocket book raked in a 1.06 BTC whereas his jail sneakers earned 0.54 BTC. Other gadgets on the record embrace his jail sweatsuit, the lock on his jail locker, and a cache of pre-arrest private results.
Bitcoin price crashed by 8%, however with costs hovering at round $104K, Ulbricht’s whole haul from the public sale exceeds $1.8 million.
Oil Paintings Earn A Fortune For The Black Marketplace Creator
Ross Ulbricht added oil work from his time in jail to the public sale record. Ulbricht picked up the oil portray as a passion in jail, throwing in three artworks within the combine.
One portray titled Archway offered for 1.o1 Bitcoin whereas the opposite two pulled in a mixed 1.40 BTC.
At the time of his arrest in 2013, Ulbricht owned 144,336 BTC from earnings from working the web black market Silk Road. After spending over a decade in jail, US President Donald Trump granted Ulbricht a presidential pardon.
Ross Ulbricht made his first public look on the Bitcoin 2025 conference in Las Vegas alongside business heavyweights. Ulbricht delivered a keynote handle on the convention, expressing gratitude for the widespread assist throughout his incarceration.
Clearer crypto regulation in the US and a altering regulatory stance by authorities are tipped to foster business innovation. US regulators are abandoning their circumstances towards crypto mixers like Tornado Cash, signaling a brand new wave of incoming regulatory readability.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and rising applied sciences journalist with a knack for overlaying needle-moving tales within the house. Aliyu delivers breaking information tales, regulatory updates, and insightful evaluation with depth and precision. When he isn’t poring over charts or following leads, Aliyu enjoys taking part in the bass guitar, lifting weights and operating marathons.
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