The United States government has transferred $1.9 billion worth of Bitcoin, which was seized in connection with the infamous Silk Road marketplace, to Coinbase Prime. This development involves Bitcoin that had been linked to a 2021 seizure from an individual involved in stealing cryptocurrencies from the platform.
This transfer has attracted attention due to the significant amount and the association with Silk Road, which was notorious for illegal activities before being shut down. Such movements indicate the ongoing involvement of authorities in managing seized digital assets.
The movement of these assets could impact market perceptions and highlight the role of major crypto exchanges in handling high-profile seizures.
