By Joseph Branch in Blockchain —

U.S. transferred bitcoins confiscated from Silk Road hacker

U.S. transferred bitcoins confiscated from Silk Road hacker
Photo by Traxer / Unsplash

The U.S. government transferred about 50,000 BTC (over $1 billion) seized from the Silk Road hacker to the Coinbase cryptocurrency exchange and unknown wallets. It was reported by PeckShield.

Recall that Silk Road was one of the most successful "black" platforms at the beginning of bitcoin's development in 2011. It actively sold various illicit goods, including drugs and weapons.