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US Government Moves $600 Million in Silk Road Bitcoin to Coinbase US Government Moves $600 Million in Silk Road Bitcoin to Coinbase

US Government Moves $600 Million in Silk Road Bitcoin to Coinbase

August 14, 2024

The United States government moved nearly $600 million in seized Bitcoin from the Silk Road dark web marketplace to a Coinbase wallet Wednesday, according to Arkham Intelligence.

The government moved 10,000 Bitcoin, worth nearly $594 million at the time of transaction, to a wallet tied to Coinbase Prime. It’s not immediately clear whether the United States plans to sell or custody the assets. The transaction follows a previous move of approximately $2 billion worth of Silk Road Bitcoin in late July.

Editor’s note: This story is breaking and will be updated with additional details.

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Andrew Hayward

https://decrypt.co/244673/us-government-600-million-silk-road-bitcoin-coinbase

2024-08-14 16:40:46

byAndrew Hayward
Updated

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