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U.S. Government moves Silk Road Bitcoin in test transaction

On January 10, 2025, the U.S. Government executed a test transaction involving a small amount of Bitcoin, approximately 0.00000546 BTC (worth about 0.51 USD). The purpose behind this transaction was to evaluate the process of transferring funds from the seized BTC holdings associated with the Silk Road case.

This transaction represents preparations for selling a substantial amount of Bitcoin, approximately 69,000 BTC valued around 6.5 billion USD, seized by the FBI from a Silk Road thief. The Department of Justice has given approval for such sales, aiming to move forward with the liquidation of these confiscated assets.

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