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BTC $70,983.92 +4.06%
ETH $2,152.40 +5.38%
BNB $635.19 +1.71%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $477.96 +2.59%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9528 +6.31%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

Analysis: The U.S. government transferring seized BTC from the Silk Road or just a routine fund transfer

2024-07-30 01:21:45
Collection

ChainCatcher news, on X, on-chain analyst @ai_9684xtpa stated that addresses marked by the U.S. government transferred approximately $2 billion worth of BTC. The address that transferred about 29,800 bitcoins was used to store some of the tokens seized from Silk Road in November 2020 (a total of 69,369 coins), with the last operation occurring four months ago. This operation may be for selling or just a routine fund transfer, as there was also a wallet fund transfer operation on April 2; the specifics will depend on subsequent developments.

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