US Government Transfers $2.1B in Seized Bitcoin to Coinbase
The US government has transferred 30,174 Bitcoin worth $2.1 billion seized from Silk Road to Coinbase. A wallet tagged as belonging to the U.S. government was observed making the transfer Tuesday morning. JUST IN: US Government transfers 30,174 #Bitcoin worth $2.1 billion seized from Silk Road to Coinbase. — Watcher.Guru (@WatcherGuru) April 2, 2024 The US government has yet to confirm this Bitcoin transaction. The last confirmed sale by the government was in March 2023, selling 9,861 coins for $216 million. Furthermore, if confirmed, this sale would be significantly larger than the last. For context, the US government seized roughly 50,000 bitcoin s related to the Silk Road website in late 2022. Those within the digital asset market know the Silk Road as one of the industry’s biggest crimes. A digital black market, the Silk Road marketplace was used for money laundering and illegal drug trades using the leader cryptocurrency. Source: PYMNTS.com Also Read:...