US Government Moves Nearly 10,000 Bitcoin Worth Over $300 Million Linked to Silk Road Seizure
The government previously promised to liquidate approximately 40,000 BTC remaining from the seizure into "four more batches" over the remainder of the calendar year .
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A cryptocurrency wallet associated with the United States Department of Justice (DOJ) moved approximately 9,825.25 bitcoins worth approximately $299 million in a series of transactions on the 12th July.
It is unclear at this time whether the transactions, which appear to have eventually spread to at least 101 new wallets, were sent to exchange addresses for sale or remain in the custody of the Ministry of Justice.
DOJ Bitcoin transactions. Source: Screenshot via Blockchain.comInitially, approximately 9,825 bitcoins (BTC) associated with the Silk Road entry were transferred in a pair of transactions sent to three addresses to 1:00 p.m. UTC. The bulk of the coins - 8,200 BTC worth nearly $250 million at the time of this article's publication - were sent to a single address, which then split the total amount across 101 somewhat separate addresses. over an hour later:
A Transaction of 8,200 BTC from a wallet that received coins from the DOJ. Source: Screenshot via Blockchain.comThe US government previously revealed that it plans to offload the rest of its BTC from the Silk Road seizure in four transactions by batches throughout the rest of the calendar year.
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The government previously promised to liquidate approximately 40,000 BTC remaining from the seizure into "four more batches" over the remainder of the calendar year .
News
Join us on social networks
A cryptocurrency wallet associated with the United States Department of Justice (DOJ) moved approximately 9,825.25 bitcoins worth approximately $299 million in a series of transactions on the 12th July.
It is unclear at this time whether the transactions, which appear to have eventually spread to at least 101 new wallets, were sent to exchange addresses for sale or remain in the custody of the Ministry of Justice.
DOJ Bitcoin transactions. Source: Screenshot via Blockchain.comInitially, approximately 9,825 bitcoins (BTC) associated with the Silk Road entry were transferred in a pair of transactions sent to three addresses to 1:00 p.m. UTC. The bulk of the coins - 8,200 BTC worth nearly $250 million at the time of this article's publication - were sent to a single address, which then split the total amount across 101 somewhat separate addresses. over an hour later:
A Transaction of 8,200 BTC from a wallet that received coins from the DOJ. Source: Screenshot via Blockchain.comThe US government previously revealed that it plans to offload the rest of its BTC from the Silk Road seizure in four transactions by batches throughout the rest of the calendar year.
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