US Government Preparing to Sell 30,000 Silk Road Bitcoin, On-Chain Data Shows

Today, the US government sent a transaction that appears to indicate it may be on the verge of liquidating the remaining Bitcoin it confiscated from the online marketplace Silk Road.

According to on-chain data, a 0.001 BTC test transaction, part of a larger stash of approximately 30,174 BTC worth $2 billion, was moved. The funds are linked to the infamous Silk Road marketplace was moved by the US government.

Coinbase, the largest cryptocurrency exchanges in the United States, received the transaction from these Silk Road-related funds. Arkham Intelligence first identified…

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