Silk Road Bitcoin Worth Nearly $2B Moved to Coinbase Prime
Nearly $2 billion worth of forfeited bitcoin (BTC) linked to the Silk Road website were moved to crypto exchange Coinbase Prime
Some 19,800 BTC linked to Silk Road were moved to Coinbase Prime on Monday, blockchain data shows, possibly foreshadowing the U.S. government selling the seized assets.
BTC dipped below $96,000 following the transfer.
The U.S. Marshals Service, a division of the DOJ, announced a partnership with Coinbase Prime to "safeguard and trade" the government's large-cap digital assets.
Nearly $2 billion worth of forfeited bitcoin (BTC) linked to the Silk Road website were moved to crypto exchange Coinbase Prime on Monday.
A wallet tagged as "U.S. Government: Silk Road DOJ Confiscated Funds" transferred 19,800 bitcoin on Monday to a fresh address with no prior history of transactions, blockchain data by Arkham Intelligence showed. The funds were then deposited to Coinbase Prime.
