A wallet that contained Bitcoin associated with the 2021 seizure from an individual who stole crypto from the Silk Road marketplace has moved.
Blockchain records showed the United States government moved more than $1.9 billion worth of Bitcoin seized from the Silk Road marketplace to a Coinbase Prime wallet.
According to data from blockchain analytics firm Arkham Intelligence, on Dec. 2, a wallet tied to the US government transferred roughly 19,800 Bitcoin (BTC) — worth $1.9 billion at the time — to a Coinbase Prime deposit address. US authorities seized the Bitcoin in a 2021 investigation of James Zhong, who was later convicted of wire fraud related to the Silk Road marketplace.
Blockchain data showing the US government transferring BTC to Coinbase Prime wallet. Source: Arkham Intelligence
