What is Zachxbt $31 million Bitcoin Tracking?
In June 2025, Ross Ulbricht’s Bitcoin wallet received 300 BTC from unknown sources, raising curiosity about whom to send.
Ulbricht is the notorious founder of the online black market platform Silk Road. Darknet markets promote sales of over 9.5 million bitcoins (BTC) Although between 2011 and 2013. Ulbricht was convicted and sentenced to two life imprisonment after the FBI shutdown.
However, on January 21, 2025, the United States President Donald Trump grants Ulbricht a complete pardonhe was released from federal prison. Ulbicht then received 300 BTC June 2025 (worth $31.4 million) immediately sparked doubts and widespread speculation. Social media is flooded with claims that money may be money from the authorities’ hidden decade-long Silk Road profits.
The 41-year-old Silk Road founder successfully auctioned him Prison souvenirs are priced at $1.8 million. This includes his last card iD card, which received 5.5 BTC for over $550,000!
The lack of evidence for these claims has attracted anonymous blockchain researcher Zachxbt to gain a deeper understanding of the source of funds. What initially appeared to be Ulbricht’s personal hiding, or the generous gift of supporters turned into a complex investigation. Zachxbt must pierce multiple layers of confusion to reveal the origins of the funds donated by Bitcoin wallet.
Zachxbt on June 2, 2025, X Post said: “People claim that this does not seem to be a self-dedication, although due to the marked address being a suspicious source.”
did you know? When authorities closed the Silk Road in 2013, they caught more than 144,000 BTC. At the time, that was worth about $34 million, but it would be worth more than $3 billion in 2025. Founder Ulbricht is believed to have received a $80 million transaction commission from the site.
How is the ZachXBT Bitcoin Survey conducted?
Zachxbt’s investigation method, also known as “Sherlock Holmes of cryptocurrencies”, requires professional-level blockchain analytics tools, including CIELO for cross-chain tracking, TRM Labs for transaction graphics, and Arkham Intelligence for multi-key exploration.
transparency Public blockchains Like Bitcoin, those seeking anonymity in transactions use complex hybrid services such as Jambler. Bitcoin Hybrid Services Jambler is a tumbler that enhances the privacy of BTC transactions by aggregating coins from multiple users and mixes them together before redistributing funds. back Determine the funds obtained through JamblerZachxbt Jambler analysis conducted a more in-depth study when it set out to track Bitcoin addresses.
Two addresses with compliance red flags appeared: 1MP5HH, linked to the 2014 exchange activity, 1CNDW, which conducted the exchange activity in 2019. Both addresses remain dormant until they make large deposits to Jambler in April 2025 and May 2025.
“Very few entities use the size of jambler regularly, so I found potential dexes for donations. 1MP5HH originated from exchange activities in late 2014. 1CNDW has exchange activities in 2019 and was previously marked as shared X. Zachxbt.
Alphabay Revelation
The whole situation will not become clear until blockchain analytics company chain analysis provides the final puzzle. It is able to trace the original origin of funds to the Alphabay Marketplace.
Alphabay is the successor to the Silk Road. The dark web market operates from 2014 to 2017. It actually grew 10 times Before the Silk Road was closed Operation Bayonet by the FBI.
“We have reasonable reasons to suspect that these funds originated from Alphabay. Looking at the money, it shows that they come from people who might have been vendors on Alphabay in the early days.” explain Phil Larrat, Director of Chain Investigation.
Chanalysis software tool reactors tag suspicious wallet addresses, which link them to illegal activities. This led to the investigation that it was a donation, not Ulbricht’s own asset, but still recommended the use of illegal funds.
The controller of funds is related to a large number of transactions Concentrated communication And use multiple mixers. “If you try to avoid freezing illegal funds, that’s what you usually do,” Zachxbt Tell wired.
did you know? In January 2025, Coinbase Director Conor Grogan reveal He has identified 430 bitcoins, a wallet worth more than $45 million, related to Ulbricht, invalid for more than 13 years and has never been caught by the authorities.
Who is zachxbt?
Zachxbt is an anonymous crypto investigator who built X after approaching nearly 1 million followers. After becoming a victim of crypto scams in person, they are committed to investigating complex blockchain fraud and tracking illegal transactions.
Zachxbt shares detailed threads on X and telegram channels for over 75,000 subscribers.
Although still anonymous, their investigations worked with law enforcement, resulting in the arrest of scammers and the recovery of digital assets. All of this has built a trusted reputation in the cryptocurrency industry.
Zachxbt can use a public blockchain ledger system to delve into transaction records. This provides the ability to connect wallets to fraudulent transactions, track currency flows and discover suspicious patterns.
In addition to Ulbricht’s investigation, ZachXBT is the core of several highly-anticipated cases. This includes public $243 million crypto robberyidentify Chase Senecar targeted NFT holders in phishing scamsAnd gather influential people Logan Paul Used to promote dark crypto projects.
did you know? Americans lost more than $9 billion in crypto fraud in 2024. This is a 66% increase compared to 2023, while those over 60 have been hit by $2.8 billion in 33,000 complaints.
The meaning of zachxbt encryption tracking
ZachXBT’s work in these situations continues to make significant progress in cryptocurrency. It shows that even mature criminals can’t rely on Bitcoin privacy tools
Like mixed services to hide their activities.
His involvement in tracking illegal funds, including recent long-term donations related to Ulbricht, highlighting several key trends:
- The myth of permanent confusion is breaking: Despite the use of a mixer, peel chains and obfuscation layers (e.g. Help with advanced analyticscross-chain metadata and years of behavior tracking.
- The dormant funds are not forgotten: In the initial activities, the ability to connect the recent BTC to the Silk Road era showed that law enforcement and independent researchers must think long-term. The proceeds of crime can be idle for years, waiting for the moment when someone becomes careless.
- Forensic medicine is now a multidisciplinary practice: The success of today’s blockchain tracking depends not only on tracking wallet addresses or following token actions. It requires complex clustering, timing analysis, transaction fingerprinting, and the use of advanced commercial and open source forensic tools. Analysts must also explain intentions, habits, and human errors, not just math.
- New accountability for ecosystems: When investigators like Zachxbt reveal work that can be done with enough dedication and technical skills, it sets new expectations for platforms, compliance personnel and even regulators. Pressure on crypto services is increasing Red flagsnot just a checkbox.
A broader meaning
ZachXBT’s work is a case study that tells the story of the dispersed transparency that does not mean it cannot be traced. It shows that both independent analysts and federal agencies, ongoing, resource-friendly efforts can be pieced together even to the most complex trails.
As cryptocurrencies mature, tracking tools and technologies will only become more powerful. As this situation shows, blockchains will never forget, even if their users want it to.
