PANews reported on June 1 that according to The Block, Ross Ulbricht, the founder of the Silk Road, has raised $1.8 million (about $1.8 million) in pledged bitcoins by auctioning prison souvenirs on the Scarce City platform. The auction items include paintings created by Ross Ulbricht in prison, personal belongings before his arrest, and a prison ID card that was sold for 11 bitcoins (about $1.1 million). Bidders must complete the payment by Monday.