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

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

The transaction that took place on January 10, 2025, involved transferring only 0.00000546 BTC (around $0.51), which seems to be a small, test transfer to check the process of moving funds from the wallet. 

U.S. Gov Moves Silk Road Bitcoin
U.S. Gov Moves Silk Road Bitcoin, Source: Blockchain.com

This is important because the FBI has been approved to sell these seized Bitcoins. The small amount being moved in this transaction suggests they are likely testing the process before making larger sales.

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.

Also Read: DOJ Cleared to Sell Seized $6.5B Bitcoin Seized from Silk Road

spot_imgspot_img

Subscribe

Related articles

TON Core Reveals 2025 Roadmap with Mainnet Upgrade

TON Core, the development team behind The Open Network...

Spanish Authorities Freeze $26.4M in Crypto from Launderers

Spanish authorities, working with blockchain companies Tron, Tether, and...

Ripple secures Money Transmitter Licenses in New York and Texas

Ripple has recently gained two more Money Transmitter Licenses...

DYOR Partners with Ava Labs, Launches DYOR.com Domain

DYOR, a platform for cryptocurrency research and tools, has...

Nvidia Drops 10% in Premarket Amid DeepSeek Tech Sell-Off

U.S. tech stocks fell in premarket trading today, led...
spot_imgspot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here