Silk Road's Ulbricht receives 300 BTC donation

Investing.com -- Ross Ulbricht, the founder of Silk Road, has received a donation of 300 Bitcoin (BTC) from an anonymous source. This donation, tracked by blockchain firm Lookonchain, was sent to Ulbricht's wallet early on Sunday. At the time of the transaction, the donated coins were valued at approximately $31.4 million.

The transaction was followed by a transfer of the majority of these coins to the cryptocurrency exchange Kraken, as indicated by data from Arkham. This happened within a few hours of the initial donation.

Ulbricht, who was pardoned and released from prison by President Donald Trump on January 21, made his first public appearance since his release at the Bitcoin 2025 conference over the weekend. His life sentence was fully and unconditionally pardoned by the former president, following his conviction for creating and operating the Silk Road, a notorious online marketplace for illicit goods.

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