Test

Bitcoin

Silk Road

Arkham

Billion

<h2 id="key-points">Key Points</h2>
<ul>
 <li>A crypto wallet believed to belong to the U.S. Department of Justice (DOJ) has initiated a test transaction to Coinbase Prime.</li>
 <li>The wallet, containing approximately $2 billion worth of bitcoin, is linked to funds seized from the Silk Road dark web market.</li>
</ul>
<p>A cryptocurrency wallet, reportedly associated with the U.S. Department of Justice (DOJ), has seemingly conducted a test transaction with <a href="https://crypto.ro/en/exchange/gdax/" rel="noopener noreferrer nofollow">Coinbase Prime</a>.</p>
<p>The wallet, holding an estimated $2 billion in <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>, initiated a transaction of 0.001 BTC, equivalent to $65. The transaction has received one block confirmation so far, but typically, multiple confirmations are required before a transaction is officially confirmed.</p>
<h2 id="transaction-details-and-implications">Transaction Details and Implications</h2>
<p>The remaining funds were sent to a change address, implying they may have effectively remained in the same position. However, if this is indeed a test transaction, additional movements could be forthcoming.</p>
<p>The $2 billion in Bitcoin seems to be connected to funds the DOJ seized from the now-defunct Silk Road dark web market. In 2020, the DOJ began the process of officially confiscating the cryptocurrency, which at the time was valued at over $1 billion.</p>
<p>The final mandate for the forfeiture of 69,370 Bitcoin and other cryptocurrencies related to Silk Road was formalized by a U.S. appeals court at the end of last year. Coinbase has not yet responded to requests for comments regarding the transaction.</p>

DOJ-Seized Bitcoin Wallet Worth $2 Billion Sends Test Transaction to Coinbase Prime, Arkham Data Reveals

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