Silk Road founder drops claim to millions of dollars

Ross Ulbricht, Silk Road founder, drops claim to millions of dollars raised on Bitcoin auctions
03 October 2017   824

Ross Ulbricht, the founder of the illegal marketplace Silk Road, drops claim to millions of dollars raised on Bitcoin auctions, that were previously seized by US law enforcement.

Ross Ulbricht
Ross Ulbricht photographed by Julia Vie

Thus, accroding to coindesk.com, on September 29th, US District Judge Katherine Forrest issued an order forfeiting over $48 million to the US government. Those funds were gained as the US Marshals Service auctioned off more than 144,000 Bitcoins confiscated during the crackdown on the Silk Road.

These $48 million will count toward the more than $180 million in monetary judgments Ross Ulbricht was ordered to pay at sentencing.

Sentenced to life imprisonment for the distribution of drugs and hacker attacks, Ross Ulbricht previously claimed his rights to the confiscated funds. However, now the man has changed his mind, the motives behind which remain unclear. 

In total, the value of the Bitcoins seized from Silk Road accounts was estimated at $122 million. Today this amount would be more than $620 million.

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   99

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.