The U.S. government moved 10,000 confiscated BTC assets linked to the Silk Road on Wednesday.
Deposits to the exchange typically signal an intent to sell the assets, but in this case, the transfer may have been for safekeeping purposes.
In 2022, the Justice Department announced the seizure of more than 50,000 $BTC and the arrest of James Zhong, who pleaded guilty to wire fraud after the government accused him of manipulating the transaction system on the darknet marketplace Silk Road in 2012.
The U.S. Marshals Service, a division of the Department of Justice (DOJ), last month announced a partnership with Coinbase Prime to âsecure and tradeâ large-cap digital assets. Little is known about what exactly happens to the tokens after they get to the centralized platform.
In a word, it's a dark matter! But there is certainly pressure on the price of Bitcoin â ïž.
Nobody knows how the market will react to this.
