HomeUncategorizedUS government moves nearly 10K Bitcoin worth over $300M related to Silk Road seizure By Cointelegraph

US government moves nearly 10K Bitcoin worth over $300M related to Silk Road seizure By Cointelegraph

July 13, 2023

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© Reuters.

A cryptocurrency wallet associated with the United States Department of Justice (DOJ) moved approximately 9,825.25 worth around $299 million in a series of transactions on July 12.

It’s unclear at this time whether the transactions, which appear to have ultimately propagated to at least 101 new wallets, were sent to exchange addresses for sale or remain in the custody of the Justice Department.

DOJ Bitcoin transactions. Source: Screenshot via Blockchain.com
An 8,200 BTC transaction from a wallet that received coins originating from the DOJ. Source: Screenshot via Blockchain.com
An approximately 51 BTC transaction from a wallet that received coins originating from the DOJ. Source: Screenshot via Blockchain.com