Silk Road-linked Bitcoin Wallets Move $3m To New Address 2025

Silk Road-linked wallets still hold about $38.4 million worth of BTC, with millions potentially sitting in other unseized wallets.

Darknet marketplace Silk Road-linked cryptocurrency wallets are moving again, less than a year after US President Donald Trump granted its jailed founder, Ross Ulbricht, a full pardon.

Silk Road-tagged cryptocurrency wallets awoke Tuesday to transfer about $3.14 million worth of Bitcoin (BTC), according to blockchain data platform Arkham.

The 176 transfers mark the wallet’s most significant activity in five years. Silk Road-related wallets executed only three small test transactions earlier this year.

The transfers were all made to an unknown cryptocurrency wallet, bc1qn. The primary Silk Road–tagged wallets still hold about $38.4 million in Bitcoin, while the newly created address holds only the $3.14 million received in the 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 full pardon to Silk Road founder Ross Ulbricht, who had been serving a double life sentence without parole.

Ulbricht was convicted in 2015 for his role in creating and operating Silk Road, a darknet marketplace that facilitated the anonymous trade of illicit goods using Bitcoin.

Following the pardon, supporters have contributed about $270,000 in Bitcoin donations to the Free Ross campaign, according to onchain data.

Source: CoinTelegraph