{"id":29676,"date":"2025-06-01T17:31:32","date_gmt":"2025-06-01T17:31:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29676"},"modified":"2025-06-01T17:31:32","modified_gmt":"2025-06-01T17:31:32","slug":"31m-in-bitcoin-floods-in-for-silk-road-founder-ross-ulbricht-as-support-grows","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29676","title":{"rendered":"$31M In Bitcoin Floods In For Silk Road Founder Ross Ulbricht As Support Grows"},"content":{"rendered":"<div>\n<p>Ross Ulbricht has <a href=\"https:\/\/www.dlnews.com\/articles\/people-culture\/ross-ulbricht-nets-13m-prison-auction-gets-31m-donation\/\" target=\"_blank\" rel=\"noopener nofollow\">received a massive gift<\/a> from the crypto world. He was pardoned earlier this year and, within hours, 300 Bitcoins\u2014worth about $31.4 million\u2014were sent to his donation wallet.<\/p>\n<p>He\u2019s already seen support from big players like Kraken, which gave $111,111 in <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener nofollow\">Bitcoin<\/a>, and grassroots efforts that raked in roughly $270,000. Now he has enough to start over, and many in the crypto community are watching closely.<\/p>\n<h2><strong>Community Support Flows<\/strong><\/h2>\n<p>According to blockchain analysis platform Lookonchain, the 300 BTC landed in Ulbricht\u2019s wallet just hours after it was sent. This isn\u2019t the first time generous backers have reached out.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Ross Ulbricht(<a href=\"https:\/\/twitter.com\/RealRossU?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">@RealRossU<\/a>), the founder of the <a href=\"https:\/\/twitter.com\/hashtag\/SilkRoad?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">#SilkRoad<\/a> marketplace, received 300 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">$BTC<\/a>($31.4M) to his donation wallet 8 hours ago.<a href=\"https:\/\/t.co\/3DEsM9rpBq\" rel=\"nofollow\" target=\"_blank\">https:\/\/t.co\/3DEsM9rpBq<\/a> <a href=\"https:\/\/t.co\/JoUMNqM99p\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/JoUMNqM99p<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1929015485439389888?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\" target=\"_blank\">June 1, 2025<\/a><\/p>\n<\/blockquote>\n<p><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-491725\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/06\/a_64386a.png?resize=1024%2C566\" alt=\"\" width=\"1024\" height=\"566\" srcset=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/06\/a_64386a.png?w=1572 1572w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/06\/a_64386a.png?w=640 640w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/06\/a_64386a.png?w=768 768w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/06\/a_64386a.png?w=980 980w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/06\/a_64386a.png?w=1536 1536w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/06\/a_64386a.png?w=750 750w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/06\/a_64386a.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Earlier in 2025, Kraken quietly wired over $111,111 to help him adjust to life outside prison. A group called Free Ross has claimed more than $270,000 in donations.<\/p>\n<p>Another address tied to Ulbricht gathered $4,615 in Ethereum, USDC, Tether (USDT), and Binance Coin (BNB). All of this suggests that plenty of people still care deeply about his fate.<\/p>\n<h2><strong>Presidential Pardon And Backlash<\/strong><\/h2>\n<p>On January 21, 2025, US President Donald Trump signed a full and<a href=\"https:\/\/www.bbc.com\/news\/articles\/cz7e0jve875o\" target=\"_blank\" rel=\"noopener nofollow\"> unconditional pardon for Ulbricht.<\/a> He\u2019d spent 11 years serving a double life sentence without parole after being convicted in New York in 2015 of narcotics and money-laundering conspiracy.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/1Oqu0TXZ\/\" width=\"1835\" height=\"884\"><\/p>\n<p>Based on reports, Ulbricht could have access to inactive Bitcoin wallets connected to <a href=\"https:\/\/en.wikipedia.org\/wiki\/Silk_Road_(marketplace)\" target=\"_blank\" rel=\"noopener nofollow\">Silk Road<\/a>, and those wallets may hold roughly $47 million. That potential stash has only fueled more debate: some ask whether he really needs outside donations if he can tap into $47 million in dormant coins.<\/p>\n<p><strong>Auction Of Personal Items<\/strong><\/p>\n<p>Ulbricht has also turned to selling pieces of his past. Based on reports from Scarce City\u2014the Bitcoin-powered collectibles platform\u2014he\u2019s raised about $1.8 million by auctioning personal items and art.<\/p>\n<p>His prison ID card drew the highest bid: 11 BTC, now worth more than $1.1 million. An oil painting made with help from fellow inmate \u201cOmega\u201d sold for 1.01 BTC. Thirteen artifacts in all were up for grabs, including prison sneakers, a sweatsuit, a t-shirt, a prison notebook, and a locker lock.<\/p>\n<p>Before his arrest, he\u2019d owned things like a djembe drum, a backpack, and Vibram FiveFingers shoes. Bidders must complete payment by June 2, and Ulbricht has said he\u2019s ready to move on from these physical reminders.<\/p>\n<p><em>Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ross Ulbricht has received a massive gift from the crypto world. He was pardoned earlier this year and, within hours, 300 Bitcoins\u2014worth about $31.4 million\u2014were sent to his donation wallet. He\u2019s already seen support from big players like Kraken, which gave $111,111 in Bitcoin, and grassroots efforts that raked in roughly $270,000. Now he has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29676","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29676"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29676\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}