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The DOJ Transfers $2 Billion In Seized Bitcoin To Coinbase Prime Wallet

Mary Liu

Summary: Data from Arkham Intelligence shows that on Tuesday morning, Wallets tagged “Silk Road DOJ seized funds” made a 0.001 BTC transaction to a Coinbase Prime address, possibly as a test transaction. The same wallet then transferred 30,174 BTC (worth approximately $2 billion as of publication) to a new address. Market participants have been keeping an ...

Data from Arkham Intelligence shows that on Tuesday morning, Wallets tagged “Silk Road DOJ seized funds” made a 0.001 BTC transaction to a Coinbase Prime address, possibly as a test transaction. The same wallet then transferred 30,174 BTC (worth approximately $2 billion as of publication) to a new address.

Market participants have been keeping an eye on the U.S. government’s transfer of Bitcoin addresses, as any move has the potential to impact the cryptocurrency’s price. Bitcoin fell further following the news, falling below $65,000 before rebounding slightly.

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