A bunch of old Bitcoin wallets tied to Silk Road suddenly started moving coins after sitting untouched for more than 10 years. The post Dormant Silk Road Wallets Spring to Life, Moving Millions in Bitcoin appeared first on Crypto News Australia.A bunch of old Bitcoin wallets tied to Silk Road suddenly started moving coins after sitting untouched for more than 10 years. The post Dormant Silk Road Wallets Spring to Life, Moving Millions in Bitcoin appeared first on Crypto News Australia.

Dormant Silk Road Wallets Spring to Life, Moving Millions in Bitcoin

2025/12/11 15:11
  • More than 300 long-silent crypto wallets linked to the notorious Silk Road marketplace suddenly activated Tuesday.
  • The wallets moved over US$3 million in bitcoin to a single unknown address. The reason for the unexpected movement remains unclear.
  • The address still holds roughly US$41 million in BTC untouched as observers revisit earlier findings that tie these wallets to Silk Road creator Ross Ulbricht.

More than 300 long-dormant Bitcoin wallets linked to Silk Road suddenly have now moved their funds after a decade of inactivity.

Data from Arkham shows 312 wallets sent around US$3.14 million (about AU$4.8 million) in BTC to a single unknown address. These wallets still hold roughly US$41.3 million (about AU$63.2 million) in Bitcoin. 

No one knows yet who controls the destination address or why the coins were moved. However, earlier this year, Coinbase’s Conor Grogan had already identified about US$47 million (about AU$71.9 million) in BTC tied to Ross Ulbricht, Silk Road’s creator. He resurfaced that analysis after the new movements were flagged on X.

Read more: “No Deal Is Better Than a Bad Deal”: Frustrated US Lawmakers Hit Crypto Regulation Roadblock

Whales Waking Up

Silk Road was a darknet market that helped popularise Bitcoin as a payment method. Its founder Ulbricht had been serving multiple life sentences until Donald Trump granted him a full pardon earlier this year. Since then, Ulbricht has re-emerged publicly, but there is no confirmed link in the text between him and these specific wallet moves.

We’ve seen a handful of crypto whales waking up after many years of being inactive. Most of them have started selling their BTC after the coin peaked at around US$126K (AU$190K). The gradual (and then sudden) sell-off pushed BTC below US$90K (AU$135.7K) on multiple occasions.

Others take a different path. One example is an Ethereum whale that woke up and, instead of selling, decided to stake over US$120 million worth of its ETH (around AU$180 million). 

Read more: Australia Reaches Its ‘Kodak Moment’ as Stablecoins Poised to Redefine National Finance, Says Report

The post Dormant Silk Road Wallets Spring to Life, Moving Millions in Bitcoin appeared first on Crypto News Australia.

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Aave V4 roadmap signals end of multichain sprawl

Aave V4 roadmap signals end of multichain sprawl

The post Aave V4 roadmap signals end of multichain sprawl appeared on BitcoinEthereumNews.com. Aave Labs has released its official launch roadmap for V4, laying out the final steps ahead of the major upgrade’s Q4 mainnet launch.  Alongside new architectural and security improvements, the roadmap introduces a fundamental shift in how user balances are tracked and highlights a strategic pullback from economically underperforming deployments across layer-2 and alternative layer-1 networks. The V4 release moves away from aTokens’ rebasing-style mechanics toward ERC-4626-style share accounting, a change that promises cleaner integrations, easier tax treatment, and better compatibility with downstream DeFi infrastructure.  In a recent technical development update, Aave Labs confirmed that “tokenization is to remain optional and built using ERC 4626 vaults,” and that internal accounting will eliminate the use of exchange rates or scaled balances. The goal is to “further improve the overall reliability of the protocol.” ERC-4626 is a widely adopted Ethereum standard that expresses user deposits as shares of a vault rather than balances that grow over time. In Aave V3, aTokens accrue interest by increasing a user’s balance directly — behavior that resembles rebasing tokens and often confuses integrations and portfolio accounting tools.  By contrast, ERC-4626 tracks yield through a rising price-per-share metric, leaving token balances unchanged. The result is more predictable behavior for integrators, auditors and tax software, as well as a clearer cost basis for users. The roadmap also outlines a series of release milestones, including a formal codebase publication, a public testnet launch with a redesigned interface, and the completion of a multi-layered security review involving formal verification and manual audits. Aave Labs said the roadmap reflects the protocol’s “final stages of review, testing, and deployment,” and that additional documentation and launch preparation materials will be released in the coming weeks. But the most pointed strategic shift comes not from the codebase, but from Aave’s own governance forums. “Aave…
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BitcoinEthereumNews2025/09/18 07:40