A crypto analytics firm says the US government is suddenly transferring massive amounts of Bitcoin that it seized from the defunct, nefarious marketplace Silk Road.
According to PeckShield, the US just sent 9,826 BTC worth $217 million to Coinbase, where it could be sold on the open market.
An additional 39,175 BTC worth $867 million was transferred to two new addresses that appear to be internally controlled and not linked to any exchanges.
#PeckShieldAlert 49k $BTC (worth $1 Billion) from wallets related to US Government law enforcement seizures have been transferred to #Coinbase (~9.8k $BTC, worth $217M), bc1qf2…fsv (30k $BTC) & bc1qe7…rdg (9k $BTC) #SilkRoad pic.twitter.com/4MzlvDzkut
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— PeckShieldAlert (@PeckShieldAlert) March 8, 2023
Silk Road was an online black market created by Ross Ulbrich
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