US Government Transfers 29,800 BTC Seized from Silk Road
CryptoNewsTerminal Staff29 Jul, 2024
US Government Transfers 29,800 BTC Seized from Silk Road
The US government has transferred 29,800 BTC (worth approximately $2 billion) to an unknown address. This is according to Arkham Intelligence, a blockchain analytics firm. The BTC was seized from the dark web marketplace Silk Road and is part of a larger amount of BTC that the US government has seized from the site. In 2015, the US government seized 174,000 BTC from Silk Road. The recent transfer of 29,800 BTC is a significant development and has caused the price of BTC to fluctuate.