US Government Transfers 10,000 Bitcoin Worth $593.5M to Coinbase

Aug 14, 2024, 04:17 PM

The US government has transferred 10,000 Bitcoin, valued at approximately $593.5 million to $600 million, from wallets associated with the Silk Road to Coinbase. This move involves the transfer of Bitcoin from a known US government wallet to a Coinbase Prime deposit wallet, including a movement of 9.4K BTC to the 33J wallet. The transaction highlights ongoing efforts to manage assets seized from the Silk Road, a notorious online black market.