U.S. Government Transfers $594 Million Silk Road Bitcoin to Coinbase

U.S. Government Transfers $594 Million Silk Road Bitcoin to Coinbase

In a significant movement of seized cryptocurrency, the U.S. government has transferred $593.5 million worth of Bitcoin to Coinbase Prime, the preferred crypto brokerage platform. The transfer, involving 10,000 BTC, was executed on August 14, according to blockchain analytics firm Arkham Intel. The Bitcoin, originally seized from the Silk Road darknet market, was sent to the wallet identified as "bc1ql" two weeks prior to the transfer. The ma...

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