According to blockchain data, it appears that the Department of Justice (DOJ) is transferring a significant amount of seized Bitcoin (BTC) associated with Silk Road, the now-defunct darknet marketplace created by Ross Ulbricht in 2011.
The government has previously announced its intention to sell the Bitcoin related to Silk Road over the course of the year. The recent transfers could indicate that it plans to sell more of the seized BTC in the near future.
In a tweet shared by Wu Blockchain on Wednesday, it was revealed that two Bitcoin (BTC) addresses associated with Silk Road and suspected to have been seized by the Justice Department have transferred a total of 9,825 BTC within the past 24 hours. The first address moved approximately 825 BTC, while the second address moved around 9,000 BTC.
Related: Understanding Crypto
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First found on: Dump Incoming? US Government Moves Another 9,000 BTC From Silk Road
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