The U.S. government wallet has moved Bitcoins previously confiscated from a well-known darknet platform.

According to Blockchair, a wallet belonging to the U.S. government transferred Silk Road’s 30,175 Bitcoins (BTC) to cryptocurrency exchange Coinbase on April 2.

At the current price of BTC at around $65,000, the cost of the transfer is approximately $2 billion.

Blockchain sleuth ZachXBT noted that another 0.001 BTC worth $69 was transferred to a Coinbase deposit address in what appeared to be a test transaction.

Before that, the last confirmed sale by the government, which in late 2022 seized about 50,000 BTC associated with the Silk Road website, occurred in March 2023, when it unloaded 9,861 coins worth $216 million.

In January 2024, government officials announced the intention to sell part of the cryptocurrency associated with the darknet site

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Author: Anna Kharton

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