Ulbricht could already be sitting on millions in Bitcoin, according to Conor Grogan, a director at the San Francisco-based cryptocurrency exchange Coinbase. Grogan noted that around 430 BTC—worth approximately $47 million—awaits untouched in wallets possibly linked to Ulbricht. These wallets have been dormant for over 13 years, he said.

Ross Ulbricht’s story has become a cornerstone of crypto history. To many veterans, he represents the raw, unfiltered ethos of Bitcoin’s early days: radical

Ross Ulbricht was serving a life sentence for creating a site in a shady corner of the internet to sell heroin, cocaine and other illicit substances.

U.S. President Donald Trump on Tuesday pardoned Silk Road founder Ross Ulbricht, who was sentenced to life in prison for running an underground online marketplace where drug dealers and others conducted more than $200 million in illicit trade using bitcoin.

Ross Ulbricht is free, but unproven allegations against the Silk Road founder overshadow his well deserved pardon in some corners of the internet.

U.S. President Donald Trump on Tuesday pardoned Silk Road founder Ross Ulbricht, who was sentenced to life in prison for running an underground online marketplace where drug dealers and others conducted more than $200 million in illicit trade using bitcoin.

Ulbricht was sentenced to life in prison in 2015 on charges related to his website, where users could buy and sell drugs and other illegal goods with bitcoin.

Libertarian activists, who generally oppose criminal drug policies, argued the government overreached in building its case against Ross Ulbricht and the dark web marketplace Silk Road.

Bitcoin is up nearly 5% after Donald Trump granted a full and unconditional pardon to Ross Ulbricht, the creator of darkweb marketplace Silk Road.

President Donald Trump said Tuesday he is pardoning Ross Ulbricht, a Bitcoin pioneer and creator of the Silk Road marketplace that enabled the selling and buying of illicit substances on the dark web.

Ross Ulbricht, the creator of the Silk Road darknet marketplace, remains a controversial figure in cryptocurrency history. While his role in revolutionising Bitcoin’s use has long been debated, recent developments have brought his name back into the spotlight.