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$31M Bitcoin Gift to Ross Ulbricht Traced to Alphabay Dark Web Wallet

  • A $31 million Bitcoin donation to Ross Ulbricht, the founder of Silk Road, has been linked to Alphabay, another dark web marketplace, raising concerns about illicit crypto flows.
  • Chainalysis traced the donation to a wallet associated with Alphabay, suspecting a former vendor as the sender who likely used crypto mixing services to obscure the funds' origin.
  • ZachXBT confirmed the use of mixing services including Jambler, indicating common obfuscation tactics like multiple crypto mixers and transfers through centralized exchanges.
  • The incident highlights the ongoing challenges of tracing illicit crypto transactions and the support Ulbricht still receives from darknet-linked actors despite his imprisonment, emphasizing the complexities of crypto regulation.

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