After spending more than a decade behind bars, Ross Ulbricht—the controversial founder of the Silk Road darknet marketplace—is beginning a new chapter.
Recently pardoned by US President Donald Trump, Ulbricht marked his re-entry into public life with a high-profile auction of personal items and prison memorabilia, raising over $1.8 million in Bitcoin.
Hosted on the Bitcoin-only marketplace Scarce City, the auction featured 13 artifacts spanning his life before and during incarceration, including a sleeping bag, backpack, and drum, as well as prison-issued items such as ID cards, sneakers, notebooks, and artwork created while imprisoned.
In a message posted to the auction platform, Ulbricht stated he was ready to part with these personal effects, describing them as relics of a chapter he no longer wishes to carry forward—though he acknowledged that some of his supporters might treasure them:
“I’ve left Arizona, the state where I was in prison. It’s time to travel. That means downsizing and turning the page. I’ve decided to auction some personal items from before my arrest and during my time in prison. I don’t need the reminders and I’m sure some of you will love to have them.”
Among the standout items was his final prison ID card, which sold for 11 BTC—over $1.1 million.
He commented:
“The guard tried to get me to stop smiling for the photo, but my joy comes from within. So I smiled that day, even though I was in prison.”
A collaborative painting created with a fellow inmate, known as “Omega,” also drew considerable attention, fetching 1.01 BTC.
Ulbricht said the piece, depicting an archway, symbolised hope:
“It gave me the feeling that, if I could pass through it, something better would be on the other side.”
To bid, participants were required to deposit 1% of their offer as collateral, and last-minute bids extended the countdown timer to prevent sniping.
Bitcoin was the preferred payment method, though smaller PayPal payments were accepted. Final payments are due by 2 June.
The auction coincided with Ulbricht’s appearance at Bitcoin 2025, his first public event since release—a symbolic return to the crypto community that once propelled him to notoriety.
Not long after Ulbricht’s auction concluded, blockchain analytics firm Lookonchain flagged a striking transaction: a donation of 300 BTC—valued at roughly $31.4 million—sent directly to Ulbricht.
It stands as one of the largest individual crypto donations recorded this year and came just days after his emotional reappearance at the Bitcoin 2025 conference.
The gift adds to a growing wave of financial support Ulbricht has received since his release.
Earlier this year, crypto exchange Kraken contributed $111,111 in Bitcoin to aid his transition back into society.
The Free Ross campaign also reported receiving more than $270,000 in crypto donations aimed at helping Ulbricht rebuild his life.
In addition, a wallet linked to him has collected $4,615 across various digital assets, including Ethereum, USDC, Tether (USDT), and Binance Coin (BNB).
While public support has been strong, questions linger about Ulbricht’s broader financial standing.
Some speculate that he may still hold access—directly or indirectly—to dormant Bitcoin wallets tied to the Silk Road, which are believed to contain as much as $47 million.
Ulbricht made his public return to the crypto stage at the Bitcoin 2025 conference in Las Vegas, sharing the spotlight with leading figures in the industry.
In a keynote address that drew a mix of curiosity and admiration, Ulbricht expressed deep gratitude for the unwavering support he received throughout his imprisonment.
He emphasized the importance of unity and mutual support within the crypto community—values he believes are essential as the industry moves forward:
“You didn’t leave me. You didn’t forget me. You wrote me letters. You raised money for my defense.”
Reflecting on the path ahead, the Silk Road founder called for a renewed commitment to core principles like freedom, decentralisation, and solidarity—ideals that once inspired early adopters and continue to shape the narrative around digital assets:
“When it comes to freedom, we’re not there yet. There’s still more freedom to be won.”
His appearance marked a symbolic re-entry into the space, not as a platform operator, but as an advocate for the movement's philosophical roots.
Though his past remains contentious, Ulbricht’s message struck a chord with many attendees who view Bitcoin as a vehicle for individual empowerment.
His speech also came amidst shifting regulatory winds in the US, where authorities are gradually pulling back from aggressive enforcement—most notably by dropping cases against crypto mixers like Tornado Cash.
These changes signal the possibility of clearer regulatory frameworks and a more innovation-friendly environment for the next wave of crypto development.
In addition to raising $1.8 million through the auction and receiving a wave of community donations, Ulbricht may still have access to a substantial cache of Bitcoin.
According to Coinbase director Conor Grogan, roughly 430 BTC—currently valued at around $47 million—remain in dormant wallets potentially linked to Ulbricht.
These addresses have been inactive for over 13 years and were never confiscated by authorities.
One of these alone holds over $9 million in BTC, raising fresh questions about Ulbricht’s financial standing post-release—and whether this long-idle fortune could one day resurface.
Metaplanet, a Japanese firm known for its aggressive Bitcoin accumulation strategy, has announced plans to raise approximately $880 million through an overseas share issuance.
XingChiARK Invest bought $15.6 million worth of BitMine shares, raising its total investment in the company to over $300 million. BitMine is building a large Ethereum treasury, now holding 1.71 million ETH worth nearly $8 billion.
WeatherlyMastercard will let banks and merchants in Eastern Europe, the Middle East and Africa settle payments using Circle’s USDC and EURC stablecoins. The move aims to speed up cross-border transfers and cut costs for trade and remittances in the region.
AnaisFundstrat’s Tom Lee said Ethereum may have reached its lowest point “within hours” as the crypto market began to recover. He highlighted that ETH’s current setup offers a strong risk-to-reward scenario, with a potential rebound to $5,100–$5,450 if the trend holds.
WeatherlyThe UAE has built a Bitcoin reserve of around 6,300 BTC, worth up to $740 million, mainly through state-backed mining. This makes it one of the largest national holders, ranking just ahead of El Salvador.
AnaisA Philippine lawmaker has proposed that the central bank buy 2,000 bitcoins each year for five years, creating a national reserve of 10,000 coins. The plan aims to strengthen the country’s finances and provide a long-term store of value alongside traditional reserves like gold and foreign currency.
WeatherlyJapan plans to tax crypto profits at a flat 20% instead of rates as high as 55%. The regulator also aims to allow crypto ETFs and approve the country’s first yen-backed stablecoin.
AnaisArthur Hayes, the BitMEX co-founder pardoned by Donald Trump, has invested in a stem cell firm with clinics in Mexico and Bangkok. He is also backing crypto treasury firms while warning that the market may already be overheating.
WeatherlyA Pennsylvania lawmaker has put forward a bill to stop politicians and their families from owning or trading crypto while in office. The plan follows claims that Donald Trump has used his role to profit from tokens like his own memecoin.
WeatherlyDBS has launched its first tokenised structured notes on Ethereum, breaking $100,000 investments into $1,000 units for easier trading. The notes, initially linked to cryptocurrencies, are available to accredited and institutional investors through local digital platforms.
WeatherlyEver since the day Ross Ulbricht walked out of prison, a free man, Sam Bankman-Fried's parents believed that they could perform the same miracle for their son. According to a Bloomberg report, Bankman-Fried's parents have already met with lawyers and other figures close to President Donald Trump administration to beg for a possible clemency for their son.
XingChiHe is one of the most controversial figures in the history of cryptocurrency. As the founder of the dark web market Silk Road, his story not only sheds light on the early application of Bitcoin, but also sparks a wide-ranging discussion about Internet freedom, privacy, and government intervention.
JinseFinanceRoss Ulbricht, founder of Silk Road, was granted a full pardon by President Trump after 11 years in prison. He expressed gratitude for his release and is now focused on reuniting with his family and rebuilding his life.
JoyDonald Trump granted a full pardon to Ross Ulbricht, the Silk Road founder, after over ten years in prison. The pardon was announced on 22 January, fulfilling Trump’s campaign promise.
JoyRoss Ulbricht has yet to receive commutation for his prison sentence from President Donald Trump, dashing hopes from advocates, in the immediate term, to set the notorious figure free. It is still unclear whether Trump intends to keep to his word to pardon or commute Ulbricht's sentence in the coming week. But it seems that fans are still optimistic.
XingChiThe value of ROSS memecoin surged after speculation that President-elect Trump might pardon Ross Ulbricht, the Silk Road creator. The coin’s rise reflects growing support for Ulbricht's release, with traders betting on a potential presidential commutation.
AnaisDonald Trump has vowed to make Ross Ulbricht a free man if he wins the upcoming Presidential Election.
XingChiVirgil Griffith - Jailed for more than five years for speaking at a crypto conference in 2019.
链向资讯OpenSea shared a 16-second video on Twitter announcing the integration, with many of the popular Solana series announcing their intention to make it available in the market.
CointelegraphOpenSea shared a 16-second video on Twitter to announce the integration, with many popular Solana collections announcing their intention to list on the marketplace.
Cointelegraph