Silk Road Bitcoin for sale? US government-linked addresses transfer $1B in BTC By Cointelegraph

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© Reuters.

Over 50,000 (BTC), worth $1 billion, were moved from multiple wallets connected to United States Government law enforcement seizures and transferred to new addresses, with some moved to Coinbase (NASDAQ:) on March 8.

According to data shared by on-chain analytics firm PeckShield, three transfers were made from U.S. law enforcement agency’s wallets. These wallets held nearly 51,000 BTC seized by U.S. agencies from the Silk Road marketplace in November 2021. The confiscated BTC was consolidated into two wallet addresses.

Silk Road Bitcoin moved to three different addresses. Source: Twitter
Silk Road BTC sent to Coinbase. Source: Glassnode