Test Operation with Silk Road Bitcoin: U.S. Gov Begins Moving Funds

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by Giorgi Kostiuk

2 years ago

The U.S. government recently made a test transaction from an FBI-controlled wallet holding bitcoins seized from the Silk Road.

Minor Silk Road Bitcoin Transaction

On January 10, 2025, a small transaction transferring only 0.00000546 BTC (around $0.51) took place, likely as a test move of funds from the wallet.

U.S. Government Moves Silk Road Bitcoin in Test Transaction

Sale of Seized Bitcoins

It's significant because the FBI has permission to sell these seized bitcoins. The small amount moved in this transaction suggests they are likely testing the process before larger sales.

History of Seized Bitcoins

The wallet holds approximately 69,000 bitcoins, worth around $6.5 billion, which were confiscated from an individual who stole them from the Silk Road marketplace.

This test transaction highlights the U.S. government's preparations for further operations with seized bitcoins, which could affect the market with future sales.

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