Silk Highway Bitcoin on the market? US government-linked addresses switch $1B in BTC By Cointelegraph

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© Reuters.

Over 50,000 (BTC), value $1 billion, have been moved from a number of wallets related to United States Authorities regulation enforcement seizures and transferred to new addresses, with some moved to Coinbase (NASDAQ:) on March 8.

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In accordance to knowledge shared by on-chain analytics agency PeckShield, three transfers have been comprised of U.S. regulation enforcement company’s wallets. These wallets held practically 51,000 BTC seized by U.S. businesses from the Silk Highway market in November 2021. The confiscated BTC was consolidated into two pockets addresses.

Silk Highway Bitcoin moved to a few totally different addresses. Supply: Twitter
Silk Highway BTC despatched to Coinbase. Supply: Glassnode