The U.S. Department of Justice has transferred 2,000 bitcoins to the Coinbase platform address, as reported by an analyst under the nickname ZachXBT. This transfer relates to confiscated funds from the Silk Road case.
According to the blockchain data, an initial trial transfer of 0.001 BTC was made to the address, followed by an additional 2,000 BTC to the wallet.
Currently, the price of bitcoin is $65,800. The total value of the previously mentioned bitcoin assets is $131.6 million.
30.1K BTC ($2.1B) of Silk Road hack funds controlled by US government is on the move right now.
— ZachXBT (@zachxbt) April 2, 2024
0.001 BTC ($69) transferred to a Coinbase deposit address so it’s a test transfer possibly.
txn hash
9c3af4b48e66565f1da1da8278036fa1dbb09f2beaaca99c3504475390ba4590
Coinbase…
The data from the #Arkham Intelligence platform is consistent with the observations of #ZachXBT. They confirm that the US Department of Justice did transfer 2,000 BTC to the #Coinbase Prime wallet from the specified address.
It is worth noting that in December 2023, a court authorized the seizure of cryptocurrency assets from the #Silk Road darknet site totaling 69,370 BTC.
These assets were distributed to various addresses under the supervision of the U.S. Department of Justice. In January 2024, reports emerged about the authorities' plans to liquidate some of the confiscated assets.
The wallet referenced in the ZachXBT post contains about 29,800 BTC, which is equivalent to nearly $2 billion. The recent transaction could potentially be related to preparations for the asset sale, which was previously discussed in January.
