Dormant Silk Road–linked wallets suddenly shifted millions in BTC, renewing scrutiny of long-held coins tied to one of crypto’s most infamous marketplaces.
Posted December 11, 2025 at 11:52 am EST.
Over 300 dormant crypto wallets linked to the dark web marketplace Silk Road transferred millions in bitcoin to an unknown address late on Tuesday.
The wallets moved $3.14 million worth of BTC while retaining about $38 million in BTC across remaining addresses, data from Arkham shows.
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Silk Road operated from 2011 to 2013 as a darknet platform, processing over 1.5 million BTC transactions worth $213 million.
It was spearheaded by Ross Ulbricht, who ran the platform until his 2013 arrest and received a full pardon from President Donald Trump in January 2025 after over a decade in prison.
Blockchain analyst Conor Grogan had previously identified wallets containing around 430 BTC, valued at $47 million at the time, as linked to Ulbricht. At least one of those wallets appears to be in the cluster that moved funds on Tuesday.
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