Blockchain records showed that the United States government moved over $1.9 billion in seized Bitcoin from the Silk Road market to a Coinbase Prime wallet.
According to data from the blockchain analysis firm Arkham Intelligence, on December 2, a wallet linked to the United States government transferred approximately 19,800 Bitcoin.
Valued at $1.9 billion at the time, to a deposit address of Coinbase Prime. U.S. authorities seized the Bitcoin during an investigation in 2021 into James Zhong, who was subsequently convicted of electronic fraud related to the Silk Road market.
