More than 30,100 bitcoin linked to the Silk Road hack and under the control of the US government appeared to be on the move Tuesday.
US government prepares to sell bitcoin related to Silk Road for the first time since March 2023.
The U.S. government wallet has moved Bitcoins previously confiscated from a well-known darknet platform.
The US government transferred 30,175 Bitcoin (BTC), approximately worth $2 billion, to a wallet linked to crypto exchange Coinbase on April 2. The move occurred amid a major dip in Bitcoin that took its price to a weekly low of $64,500 per BTC before bouncing above the key $65,000 support level.
A US government-tied Bitcoin address moved over 30,100 BTC and sent a possible test transaction to Coinbase, on-chain sleuth ZachXBT reported.
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