Blockchain Investigator Accuses Vitalik Buterin of Funding Ethereum ICO with Seized Silk Road Bitcoin

TruthLabs claims Ethereum’s ICO was funded by seized Silk Road Bitcoin. Allegations suggest Vitalik Buterin knew of this funding in early 2014. Criticism arises over Buterin’s lack of support for Ross Ulbricht’s freedom movement. TruthLabs, a blockchain investigative analyst, has accused Ethereum co-founder Vitalik Buterin of benefiting from Bitcoin seized from Ross Ulbricht’s Silk Road wallet during Ethereum’s initial coin offering (ICO). The allegations emerged following an online exchange between Buterin and Ulbricht on January 19, 2025. Ulbricht, who is serving a life sentence for operating the Silk Road marketplace, took to X to clarify his non-involvement with meme coins bearing his name. Vitalik responded with a message of support, calling Ulbricht’s life imprisonment “absurd” and expressing hope for his freedom. TruthLabs’ Allegations In the early hours of today, TruthLabs posted a series of claims alleging that Bitcoin from Ulbricht’s seized wallet was used to fund Ethereum’s ICO and the Ethereum Foundation. They stated that the downfall of Silk Road and the confiscation of its assets provided the financial foundation for Et… The post Blockchain Investigator Accuses Vitalik Buterin of Funding Ethereum ICO with Seized Silk Road Bitcoin appeared first on Coin Edition .