US Authorities Move $2 Billion in Bitcoin from Silk Road Case

Key Takeaways The US Justice Department relocated around $2 billion worth of Bitcoin seized from the Silk Road marketplace to a new wallet. This transfer included a significant movement of 30,174 BTC, following a preliminary test transaction to a Coinbase Prime address. The Bitcoin in question was part of a larger cache obtained from James Zhong, who illegally acquired over 50,000 BTC from Silk Road, with the U.S. government previously selling a portion of the seized assets.