US Authorities Transfer 28,000 BTC Seized in Silk Road Case
An address belonging to the US Department of Justice has transferred 28,000 BTC (~$1.87 billion) related to the Silk Road case to an unknown wallet. The transactions were recorded by Arkham Intelligence.
Subsequently, 19,800 BTC were sent to one address, and 10,000 BTC to another.
“We estimate the latest deposit went to an institutional custodial service,” stated the experts.
UPDATE: The U.S. Government has split the $2B Bitcoin into two addresses:
10,000 BTC ($669.35M): bc1qlap8hkt9genaljz5nt2zlehhudx63zlahr2zek
19,800 BTC ($1.33B): bc1qngydl7hmgdtmuqjmtsyj3pcwszv0yn5mj6kz4cWe believe this represents a 10,000 BTC deposit to an institutional… https://t.co/0aULBXGd8P pic.twitter.com/RTwtaqvMmM
— Arkham (@ArkhamIntel) July 29, 2024
Later, an unknown party sent an Ordinal with the inscription HODL to the US authorities’ wallet.
lol
Someone sent the US Government an Ordinal saying ‘H O D L’ https://t.co/0aULBXGd8P pic.twitter.com/Ct4eStIEpZ
— Arkham (@ArkhamIntel) July 30, 2024
Back in December 2023, an appellate court officially confirmed the confiscation of 69,370 BTC belonging to the illegal online platform that was shut down over a decade ago. The funds were seized in November 2020.
In April, a US government-controlled wallet with 30,174 BTC initiated a transfer of ~2000 BTC to a Coinbase Prime address.
In July, the US Marshals Service selected the mentioned platform to provide storage and sale services for high-capitalization cryptocurrencies.
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