U.S. Government Transferring Silk Road Seized BTC or Just Routine Funding Transfers
In a post on X, on-chain analyst @ai_9684xtpa said that the U.S. government-tagged address transferred about $2 billion worth of BTC. The address from which about 29,800 bitcoins were transferred was used to store a portion of the tokens seized by Silk Road (69,369 tokens in total) in November 2020, with the last operation taking place four months ago. This operation could be for a sale, or it could just be a routine transfer of funds, as there was also a wallet transfer on 2 April, depending on what happens.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nikkei May Decline Amid Concerns About Energy Costs -- Market Talk
Costco Wholesale Nearly Doubles Kirkland Motor Oil Price, Caps Purchases at Two Weekly
Liquidity Unconcerned? The Federal Reserve Hits 'Pause' Again, Ceasing Reserve Management Bond Purchases Until Mid-October
The Federal Reserve announced on Monday that it will not conduct short-term Treasury bond purchases for reserve management purposes in the next phase for the second consecutive month, indicating that policymakers are satisfied with the level of bank reserves in the financial system.
NAB says Australia August consumer spending rises 1.1% as fuel costs jump 12%
Crypto prices
More
