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Ross Ulbricht’s big Bitcoin donor tied to Silk Road successor Alphabay: Report

cryptoweekly by cryptoweekly
June 6, 2025
in bitcoin, News
0

Chainalysis told WIRED that it tracked a $31 million Bitcoin donation to online black market Silk Road founder Ross Ulbricht to a successor marketplace called Alphabay.

A crypto wallet tied to the defunct dark web marketplace Alphabay was reportedly behind the donation of $31 million worth of Bitcoin to Silk Road creator Ross Ulbricht, according to blockchain analysis.

Blockchain analytics firm Chainalysis told WIRED for a June 5 report that it had tied the 300 Bitcoin (BTC) donated to Ulbrich earlier this month to Alphabay, a predecessor to Silk Road that operated from 2014 to 2017.

Chainalysis suggested that the funds came from a major vendor on the platform who would have had access to such substantial amounts.

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  • Bitcoin grabs $106K liquidity as whale longs BTC with $255M
  • TikTok denies TRUMP memecoin buys in reply to congressman’s accusations
  • Texas cops cut open crypto ATM to recover $25K lost to scam
  • South Korea’s central bank won’t oppose stablecoin: Report
  • Apple eyes generative AI to speed up custom chip design: Report
  • Politicians’ memecoins, dropped court cases fuel crypto ‘crime supercycle’
  • Bitcoiners split on $94K or $114K for BTC’s next move as it trades sideways

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