🧵 1. Breaking: 10,000 bitcoin tied to Silk Road on the move. Significant shift of funds traced back to the darknet marketplace. #crypto
🧵 1. Breaking: 10,000 bitcoin tied to Silk Road on the move. Significant shift of funds traced back to the darknet marketplace. #crypto
🧵 2. 8,200 BTC being reallocated to new wallets, remaining funds to "change wallets." Unclear if genuine movement.
🧵 3. Transactions involve "replace by fee" function. Similar movement occurred in June, sparking debate over control.
🧵 4. U.S. government seized 50,000 BTC from James Zhong in 2022, now divesting some. 41,490 BTC still held.
🧵 5. Coinbase likely platform for sale of seized coins. Stay tuned for updates on Silk Road funds.
🧵 Read more at: https://www.investing.com/news/cryptocurrency-news/10000-btc-tied-to-silk-road-on-the-move-3124590