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The US government has transferred over 30,170 Bitcoin (approximately $2 billion) from the Silk Road hack fund to the Coinbase exchange and a new wallet address with a total fee of only...$16

The Silk Road BTC address (linked to the US government) moved 2,000 Bitcoin ($131M) to Coinbase Prime and 29,800 Bitcoin ($1.95B) to a new address 8 hour ago.

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![img](oge10xf3c6sc1)

This is likely an OTC deal and does not directly affect the BTC spot price. They still hold 179.19K BTC ($11.7B) in the old wallets.

Details: [https://platform.spotonchain.ai/en/entity/188?route=view\_transaction&chain\_id=2110000000&txn\_hash=b614dd2e0fa06d776ee4d45973fab5ceb6e2dfebfb84e5f7bd45ef0975455240](https://platform.spotonchain.ai/en/entity/188?route=view_transaction&chain_id=2110000000&txn_hash=b614dd2e0fa06d776ee4d45973fab5ceb6e2dfebfb84e5f7bd45ef0975455240)

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Now the crazy part about this story is that they transferred 30,170 Bitcoin (appro...