Posted 4/2/2024, 5:44:30 PM
US Government Transfers Over $2 Billion in Seized Silk Road Bitcoin to Coinbase
- The US government transferred 30,174 Bitcoin worth $2.1 billion seized from Silk Road to Coinbase
- The transfer was made from a wallet tagged as belonging to the U.S. government on Tuesday morning
- This would be a significantly larger Bitcoin sale than the government's last confirmed sale in March 2023 of 9,861 coins for $216 million
- The government seized ~50,000 bitcoins related to the Silk Road website back in late 2022
- The wallet receiving the transfer has been tagged by Arkham Intelligence as belonging to the crypto exchange Coinbase