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The US government transferred 19,800 Bitcoin to the Coinbase Prime exchange, potentially selling nearly 2 billion USD when the cryptocurrency was at record price levels.
On December 2, a wallet tagged "US Government: Silk Road Seized Fund Department of Justice" transferred 19,800 previously seized BTC to a new address with no transaction history, according to blockchain data from market analysis platform Arkham Intelligence. The funds were subsequently sent to the Coinbase Prime exchange.