Two transactions are in the works, moving around 8,700 bitcoin linked to the Silk Road to new wallets and 1,600 bitcoin to change addresses.
, who pleaded guilty to wire fraud over the hack of the same amount of bitcoin from Silk Road in 2012. Zhong wasThe legal filings, as well as those related to Silk Road founder Ross Ulbricht, contained details of related Bitcoin wallets, enabling blockchain analytics firms to track these addresses.somewhat related to the Silk Road wallets, but it was disputed as to whether the funds were controlled by the U.S. government.
The wallet at question was one hop away from wallets cited in legal documents related to the case, and the movement of funds also used the replace by fee option in a similar pattern.9,861 bitcoin and said it planned to sell the remaining bitcoin in four more batches throughout the year. The government has around 41,490 bitcoin left from the funds it seized in the Zhong case.claims© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only.
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