December 4, 2024
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US authorities sent Silk Road-related 10,000 BTC to Coinbase

A US government-controlled wallet transferred Silk Road-related 10,000 BTC (~$963 million) to Coinbase Prime. Arkham Intelligence drew attention to this. 10K BTC ($963M) has been moved from 33Tg to Coinbase Prime. pic.twitter.com/D2kijONsmL — Arkham (@arkham) December 2, 2024 Before that, 19,800 BTC (~$1.92 billion) from the darknet marketplace was seized. This is part of the Silk Road coins that started […]”, — write: businessua.com.ua

US Government Sends Silk Road-Linked 10,000 BTC to Coinbase - INFBusiness

A US government-controlled wallet transferred Silk Road-related 10,000 BTC (~$963 million) to Coinbase Prime. Arkham Intelligence drew attention to this.

Prior to this, 19,800 BTC (~$1.92 billion) from the darknet marketplace was seized.

This is part of the Silk Road coins that started moving in July. The 29,800 BTC was then split between two addresses. In August, 10,000 BTC went to Coinbase.

The amount of 19,800 BTC has now also been split into two wallets. From one, the bitcoins were transferred to an American exchange, the second continues to hold 9,800 BTC for ~$949.23 million.

According to Arkham data, in total, the US government controls 96,097 BTC, 3,657 ETH and other digital assets with a total value of ~$19.6 billion.

US authorities sent Silk Road-related 10,000 BTC to Coinbase - INFBusiness

Source: Arkham Intelligence.

In December 2023, the appeals court officially confiscated 69,370 BTC belonging to Silk Road, which has been closed for more than 10 years. The funds were seized in November 2020.

In April 2024, a US government-controlled wallet with 30,174 BTC initiated a transfer of ~2,000 BTC to a Coinbase Prime address.

As a reminder, the United States Federal Marshals Service chose this service to provide services for the storage and sale of cryptocurrencies with high capitalization.

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