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Home / Business / $ 1 billion Bitcoin from a Silk Road wallet in motion for the first time since 2015

$ 1 billion Bitcoin from a Silk Road wallet in motion for the first time since 2015



An anonymous cryptocurrency user just transferred 69,370 Bitcoins from an address linked to the Silk Road darknet market, which recently became a popular attack target.

According to a November 3 report from crypto intelligence firm CipherTrace, the recent movement involved two transactions plus up to 69,370 Bitcoin (BTC) – or more than $ 960 million at the time of publication – captured. source from an address connected to the Silk Road market, which was closed in 2013. Cryptocurrency users first deposit 1 BTC – possibly a trial transaction – before transferring the majority of their money this.

Ciphertrace speculates that anonymous users made transactions “to keep the Bitcoin network up to date”

; by switching between address formats. Since the last time anyone remitted money related to the darknet market ceased to exist was in April 2015, the BTC wallet is said to also have access to all Bitcoin Cash (BCH) and Bitcoin SV (BSV). associated with the token’s hard fork.

However, the company does not rule out the possibility of being hacked:

“These movements could mean the wallet owner is transferring money to new addresses to prevent hackers from accessing the wallet.dat file or hackers have cracked the file.”

Silk Road funds were contained in a wallet that had been circulating for more than two years by hackers. In September, a Twitter user claiming to have a wallet.dat file for the wallet launched a call to the crypto community for solutions on how to gain access to more than 69,000 coins, even proposing A quantum computer as a potential way of identifying private keys.

Silk Road is a dark marketplace that allows users to buy and sell illegal goods such as stolen weapons and credit card information, but for the most part the list is illegal drugs. Ross Ulbricht, the website’s founder, is currently serving two life sentences without the possibility of being pardoned after being found guilty of money laundering, computer hacking, and drug trafficking conspiracy. He still provides periodic analysis of the Bitcoin market since his release from prison.


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