$1B of Bitcoin linked to Silk Road wallet moves for first time since 2015

69,370 bitcoin linked to the Silk Road darknet website has been moved by an anonymous crypto user. It’s been five years since the last fund movement linked to the darknet market's horde of Bitcoin. Hacking remains questionable but CipherTrace suspects that anonymous transactions were made by swapping between address modes only to keep, "up to date on the Bitcoin Network.”

The firm speculated,

“These movements could possibly mean that the wallet owner is moving funds to new addresses to prevent hackers from accessing the wallet.dat file or that hackers have already cracked the file.”

Why it matters: The Silk Road wallet is one of the most watches addresses on the Bitcoin blockchain. Although many suspect that the US government currently controls the Bitcoin as the founder of the black market site is in US prison, US law enforcement has been reluctant to make comments on how it is using the Bitcoin, or if in fact they are under US government control. The Silk Road was one of the biggest dark-web, black market operation in history, and it operated with impunity for many years. Regardless, with this new action on the Silk Road wallet, the crypto community will be watching what happens next, if anything.

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