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Hundreds of addresses associated with the "Silk Road" remained dormant for over a decade have collectively transferred 3,140 BTC worth $31.4 million to the same address.
By: theblockbeats.news|2025/12/10 13:15:55
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BlockBeats News, December 10th, according to The Block, hundreds of wallets associated with the "Silk Road" have been dormant for over a decade, became active again on Tuesday, transferring Bitcoin to the same unknown address.
Arkham's data shows that approximately 312 wallets associated with the now-defunct dark web market Silk Road moved a total of $3.14 million worth of BTC to the address "bc1q...ga54" on Tuesday. It is currently unclear why these wallets suddenly resumed activity. As of today, these Silk Road-related wallets still hold around $41.3 million worth of Bitcoin.
Previously reported, in January 2025, Coinbase executive Conor Grogan revealed that they had discovered about 430 BTC in dozens of wallets associated with Silk Road founder Ross Ulbricht. These wallets were not seized by the U.S. government at the time and had remained untouched for over 13 years. Back then, these addresses might have been considered "dust wallets" (referring to wallets with very small amounts that are usually disregarded), but now they amount to approximately $47 million. If Ross Ulbricht can still access the private keys, he may be able to reclaim these assets.
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