{"id":15655,"date":"2024-07-30T09:52:03","date_gmt":"2024-07-30T06:52:03","guid":{"rendered":"https:\/\/forklog.com\/en\/us-authorities-transfer-28000-btc-seized-in-silk-road-case\/"},"modified":"2024-07-30T09:52:03","modified_gmt":"2024-07-30T06:52:03","slug":"us-authorities-transfer-28000-btc-seized-in-silk-road-case","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/us-authorities-transfer-28000-btc-seized-in-silk-road-case\/","title":{"rendered":"US Authorities Transfer 28,000 BTC Seized in Silk Road Case"},"content":{"rendered":"<p>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 <a href=\"https:\/\/platform.arkhamintelligence.com\/explorer\/entity\/usg\">Arkham Intelligence<\/a>.<\/p>\n<p>Subsequently, 19,800 BTC were sent to one address, and 10,000 BTC to another.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWe estimate the latest deposit went to an institutional custodial service,\u201d<\/em> stated the experts.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">UPDATE: The U.S. Government has split the $2B Bitcoin into two addresses:<\/p>\n<p>10,000 BTC ($669.35M): bc1qlap8hkt9genaljz5nt2zlehhudx63zlahr2zek<br \/>19,800 BTC ($1.33B): bc1qngydl7hmgdtmuqjmtsyj3pcwszv0yn5mj6kz4c<\/p>\n<p>We believe this represents a 10,000 BTC deposit to an institutional\u2026 <a href=\"https:\/\/t.co\/0aULBXGd8P\">https:\/\/t.co\/0aULBXGd8P<\/a> <a href=\"https:\/\/t.co\/RTwtaqvMmM\">pic.twitter.com\/RTwtaqvMmM<\/a><\/p>\n<p>\u2014 Arkham (@ArkhamIntel) <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1817975722662670643?ref_src=twsrc%5Etfw\">July 29, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<div class=\"wp-block-text-wrappers-update article_update\"><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Later, an unknown party sent an Ordinal with the inscription HODL to the US authorities&#8217; wallet.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">lol<\/p>\n<p>Someone sent the US Government an Ordinal saying \u2018H O D L\u2019 <a href=\"https:\/\/t.co\/0aULBXGd8P\">https:\/\/t.co\/0aULBXGd8P<\/a> <a href=\"https:\/\/t.co\/Ct4eStIEpZ\">pic.twitter.com\/Ct4eStIEpZ<\/a><\/p>\n<p>\u2014 Arkham (@ArkhamIntel) <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1818258552357548081?ref_src=twsrc%5Etfw\">July 30, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<p>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.<\/p>\n<p>In April, a US government-controlled wallet with 30,174 BTC <a href=\"https:\/\/forklog.com\/en\/news\/us-government-transfers-2000-btc-to-coinbase\">initiated a transfer of ~2000 BTC<\/a> to a Coinbase Prime address.<\/p>\n<p>In July, the US Marshals Service selected the mentioned platform to provide storage and sale services for high-capitalization cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. \u201cWe estimate the latest deposit went to an institutional custodial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[236,26],"class_list":["post-15655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-silk-road","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=15655"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/15654"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=15655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=15655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=15655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}