On-chain analysts at CryptoQuant have confirmed earlier rumors that the USA authorities has bought one other massive batch of Bitcoin (BTC) related to the defunct darknet market, Silk Highway.
- In a report shared with CryptoPotato, the agency mentioned that the agency bought 8,200 BTC from Silk Highway hacker James Zhong on July 12.
- This was just below previous estimates, indicating that the federal government had moved roughly 9,826 from its recognized wallets. It’s additionally lower than the federal government’s first confirmed sale of 9,861 BTC for $216 million in March.
- A lot of the cash had been moved in a single transaction of 9,319 BTC, which despatched 8200 BTC to at least one tackle, and 1119 BTC to a different.
- The previous tackle “ forwarded the 8,200 Bitcoin to completely different addresses, [and] every tackle obtained 79 Bitcoin,” wrote CryptoQuant. “These cash had been ultimately deposited into exchanges or recombined into fewer wallets.”
- Although not confirmed, the opposite tackle with 1119 BTC is believed to be managed by the federal government. “This tackle is extremely seemingly the change tackle of the transaction,” it mentioned.
- The agency mentioned that the federal government nonetheless holds 195,307 BTC. These are associated to seizures from different felony incidents, together with the Bitfinex hack.
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