US Government Moves $600 Million in Silk Road Bitcoin to Coinbase
2024-08-14 16:40:46 UTC
| defi.io/yzb
More Bitcoin seized from Silk Road is on the move, with nearly $600 million worth transferred to Coinbase on Wednesday, said Arkham.
The United States government moved nearly $600 million in seized Bitcoin from the Silk Road dark web marketplace to a Coinbase wallet Wednesday, according to Arkham Intelligence.
The government moved 10,000 Bitcoin, worth nearly $594 million at the time of transaction, to a wallet tied to Coinbase Prime. It's not immediately clear whether the United States plans to sell or custody the assets. The transaction follows a previous move of approximately $2 billion worth of Silk Road Bitcoin in late July.
Editor's note: This story is breaking and will be updated with additional details.
Source: decrypt.co
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