Kraken Leads Crypto Community in Supporting Ross Ulbricht with Major Bitcoin Donation Post-Pardon

In a remarkable show of solidarity, the cryptocurrency community has mobilized significant financial support for Ross Ulbricht, the founder of the Silk Road marketplace, following his full pardon by former President Donald Trump on January 21, 2025. Blockchain analysis platform Lookonchain has reported substantial donations flowing into Ulbricht’s wallet, with Kraken exchange making a notable contribution of $111,111 in Bitcoin earlier this year to assist in his transition from prison. This movement underscores the crypto community’s commitment to supporting individuals who have been pivotal in the evolution of digital assets, despite their controversial pasts. The donations highlight not only the philanthropic spirit within the sector but also the growing influence of cryptocurrency in fostering social and financial rehabilitation.

Crypto Community Backs Ross Ulbricht with Millions in Donations Post-Pardon

The cryptocurrency community has rallied behind Ross Ulbricht, the founder of Silk Road, with millions in donations following his full pardon by former President Donald TRUMP on January 21, 2025. Blockchain analysis platform Lookonchain reports significant inflows to Ulbricht’s donation wallet in recent hours.

Kraken exchange contributed $111,111 in Bitcoin earlier this year to aid Ulbricht’s transition from prison. The Free Ross organization disclosed receiving over $270,000 in crypto donations, while another associated address collected $4,615 across Ethereum, USDC, USDT, and Binance Coin.

Questions linger about Ulbricht’s financial position, with speculation about access to dormant Silk Road wallets holding an estimated $47 million in Bitcoin. His appearance at bitcoin 2025 conference highlighted ongoing support from the crypto community.

$31M Bitcoin Donation Floods In For Pardoned Silk Road Founder Ross Ulbricht

Ross Ulbricht, the founder of the infamous Silk Road marketplace, has received an overwhelming show of support from the cryptocurrency community following his presidential pardon. Within hours of his release, 300 BTC—valued at approximately $31.4 million—were deposited into his donation wallet. This surge of generosity underscores the enduring sympathy for Ulbricht within crypto circles.

Major industry players like Kraken contributed $111,111 in Bitcoin, while grassroots campaigns raised an additional $270,000. Blockchain analytics platform Lookonchain confirmed the substantial transaction, which provides Ulbricht with significant resources to rebuild his life after serving 11 years of a double life sentence.

The donations, spanning multiple cryptocurrencies including ETH, USDC, USDT, and BNB, reflect broad-based support. Ulbricht’s pardon by former President Donald Trump in January 2025 continues to polarize, but the crypto community’s response demonstrates its capacity for redemption narratives.