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

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 in 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.

Read more