Key Insights
The US authorities controls a Bitcoin pockets from the Silk Highway seizure.
The federal government’s Bitcoin belongings are at the moment valued at roughly $13.3 billion.
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A crypto pockets recognized to be managed by the US authorities lately transferred round 3,940 Bitcoin (BTC), price round $241 million to Coinbase, based on information from Arkham Intelligence. The US authorities at the moment holds round $13,3 billion price of Bitcoin.
The pockets’s Bitcoin stash is tied to the seizure of Bitcoin from the Silk Highway, an notorious on-line market on the darkish net, dealing in unlawful medicine, weapons, and different illicit items. Silk Highway was shut down in 2013.
Earlier in April, the federal government allegedly transferred 30,175 BTC, price roughly $2 billion, from the identical pockets to Coinbase.
The transaction was break up into three transfers, beginning with a small take a look at switch of 0.001 BTC ($65) to a Coinbase Prime deposit tackle, adopted by the primary switch of 1,999 BTC (round $130 million) to Coinbase. The remaining 28,176 BTC was despatched to a different government-controlled pockets, possible as a part of a deliberate sale.
It is a growing story: We’ll give updates on the scenario as we study extra.
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