$300 Million In Silk Road Bitcoins On The Move After CPI Data

1 year ago

Two unconfirmed transactions amusement that 9,800 Bitcoin linked to acheronian web marketplace Silk Road was transferred connected Wednesday.
506 BTC was sent to a alteration code and 0.01 BTC was moved to the wallet 361yog successful the archetypal transaction, per reports.
In the 2nd transaction, the determination transferred 8,200 BTC to the aforesaid 361yog wallet and 1,118 BTC to a abstracted alteration wallet.
The transactions were discovered soon aft the U.S. CPI information was released but it remains unclear if the authorities is down the BTC transfers.

Crypto addresses with Bitcoin tied to the defunct darknet marketplace Silk Road moved BTC worthy astir $300 Million to caller wallets connected Wednesday soon aft the CPI information was announced.

The BTC movements were archetypal noticed by crypto observers implicit 2 unconfirmed transactions. In the archetypal transaction, 506 BTC was sent to a alteration address, and 0.01 BTC was moved to the wallet 361yog.

Wallet 361yo again received 8,200 BTC worthy astir $250 cardinal successful the 2nd transaction. 1,118 BTC was besides sent to a alteration code abstracted from the first.

8200 Silk Road Bitcoin Dispersed Across Multiple Wallets

According to blockchain penetration supplier MistTrack, the 8200 Silk Road Bitcoin seized by the U.S. Justice Department was divided crossed respective wallet addresses. Each of the caller wallets received 79.2008, MistTrack noted. 1,118 BTC moved to a alteration code was not moved yet astatine property time.

$300 Million In Silk Road Bitcoins On The Move After CPI Data 7

In March, U.S. authorities liquidated 9,800 BTC for astir $216 million. The authorities besides revealed plans to merchantability disconnected 41,490 BTC successful 4 tranches during 2023.

Silk Road forfeited implicit 51,000 Bitcoins to the U.S. authorities aft creator Ross William Ulbricht was sentenced to beingness successful prison aft his apprehension successful 2013. The acheronian web marketplace operated for implicit 2 years and allowed users to wage for narcotics, wealth laundering services, and different amerciable operations utilizing BTC.