PANews December 3, news that according to Arkham data, the U.S. government transferred nearly $2 billion worth of 19,800 bitcoins (through intermediary addresses) related to Silk Road to Coinbase Prime, which may suggest that it has sold or is preparing to sell these seized assets.
Previously, the Department of Justice stated that it had seized over 50,000 bitcoins in 2022 and planned to sell them in batches. Earlier this year, the U.S. Marshals Service collaborated with Coinbase Prime to manage and trade large digital assets. The U.S. government currently still holds approximately $18 billion worth of seized crypto assets.
