50,000 Bitcoin (BTC) worth $1 billion United States dollars were moved from multiple wallets related to U.S. Government law enforcement seizures and were transferred to new addresses, and a few were moved to Coinbase on March 8.
According to data shared by on-chain analytics firm PackShield, there were three transfers made from the U.S. law enforcement agencies’ wallets. These wallets held nearly 51,000 BTC seized by U.S. agencies from the Silk Road marketplace in November 2021. The confiscated BTC was consolidated in two wallet addresses: bc1q5s…0ch and bc1q2ra…cx7.
Silk Road Bitcoin moved to three different addresses. Source: Twitter
Out of these three transfers, the majority appear to be internal transfers. However, approximately 9,861 BTC was sent to Coinbase. The other two transfers include a 30,000 BTC transfer to
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