Topic: Big BTC transfer (69,369 BTC) from unknown wallet to unknown (Read 176 times)
It's not really that important. Be calm, most likely this will not affect your funds in any way.
What if they found out that the crooked feds from the silk road case were hiding more bitcoin then they were aware. Got it out of them from suddenly remembering.
🚨🚨 69,369 BTC ($955,011,600) transfered from Unknown to Unknown
a minute ago (Via Whales Alert)
I think, this Big BTC transfer is connected with this article. Have a look at this....
"The U.S. Justice Department has seized and is now seeking the forfeiture of thousands of bitcoins tied to the now-defunct Silk Road dark web market, with the holdings valued in excess of $1 billion."
U.S. officials seize 'more than $1 billion in bitcoin' tied to Silk Road: https://www.theblockcrypto.com/linked/83695/us-seizure-silk-road-bitcoins-report
a minute ago (Via Whales Alert)
I think, this Big BTC transfer is connected with this article. Have a look at this....
"The U.S. Justice Department has seized and is now seeking the forfeiture of thousands of bitcoins tied to the now-defunct Silk Road dark web market, with the holdings valued in excess of $1 billion."
U.S. officials seize 'more than $1 billion in bitcoin' tied to Silk Road: https://www.theblockcrypto.com/linked/83695/us-seizure-silk-road-bitcoins-report
That's what I read across the internet as well. That's a very huge amount of Bitcoin and it's interesting to see what the Fed will.do with it.
By the way only someone in the Fed will do a test transaction with 1 Btc to verify if they are sending to the right address.
A thread was made 3 days ago addressing that wallet transfer and there's a long and ongoing discussion on that thread.
Thread: One of the top 10 btc wallets hacked?
Thread: One of the top 10 btc wallets hacked?
The auction of the decommissioned BTCs will be epic when the time comes …
Yeah, they only need 3100 more of those to cover the deficit this year, too bad for them there ain't that many coins for that right now. I just hope they don't go again and split it in large chunks like 10k BTC or something, especially considering the price, it would prevent a lot of companies or individuals out there to bid for them, more competition better prices, fewer reasons to sell next month.
I think they did something like that before and sold it for 2/3rds its value... If the same happens again we might be in for a correction in price at the very least.
They're probably going to be better off finding a company who can strategically shift them for them or try to manage the funds internally selling them off a small amount at a time...
Apparently, it was "volunteered" over to the DOJ by Individual X, no doubt after reaching an agreement to reduce or nullify his potential jail sentence.
So, is not that much seize as receiving, thank you very much for your actions!
I wonder what the deal was, when I read the court filing I saw that he has only transferred 100 Bitcoins out of that but that was 5 years ago and worth only $25k, I doubt he considered that enough for a "fee" to give back 1 billion right now..Maybe he has some other stashed away from other activities and they have promised him he will keep those?
The auction of the decommissioned BTCs will be epic when the time comes …
Yeah, they only need 3100 more of those to cover the deficit this year, too bad for them there ain't that many coins for that right now. I just hope they don't go again and split it in large chunks like 10k BTC or something, especially considering the price, it would prevent a lot of companies or individuals out there to bid for them, more competition better prices, fewer reasons to sell next month.
I always wonder how do an agency or anyone can seize bitcoin. They interrogate you and get the private key?
Give the keys or you're in for 10-25 years in prison and by the time you come out no matter how much a BTC is going to be worth you won't be able to buy all the viagra you need. How does it sound? Pretty close to the $5 wrench attack!
You're right, the option that nobody had in mind, is the one that made the breakthrough: The DOJ
https://techcrunch.com/2020/11/05/justice-department-silk-road-billion-bitcoin/
https://www.courtlistener.com/recap/gov.uscourts.cand.368440/gov.uscourts.cand.368440.1.0.pdf
Apparently, is was "volunteered" over to the DOJ by Individual X, no doubt after reaching an agreement to reduce or nullify his potential jail sentence.
https://techcrunch.com/2020/11/05/justice-department-silk-road-billion-bitcoin/
https://www.courtlistener.com/recap/gov.uscourts.cand.368440/gov.uscourts.cand.368440.1.0.pdf
Apparently, is was "volunteered" over to the DOJ by Individual X, no doubt after reaching an agreement to reduce or nullify his potential jail sentence.
Quote
According to an investigation conducted by the Criminal Investigation Division of the Internal Revenue Service and the U.S. Attorney’s Office for the Northern District of California, Individual X was the individual who moved the cryptocurrency from Silk Road.
According to the investigation, Individual X was able to hack into Silk Road and gain unauthorized and illegal access to Silk Road and thereby steal the illicit cryptocurrency from Silk Road and move it into wallets that Individual X controlled.
According to the investigation, Ulbricht became aware of Individual X’s online identity and threatened Individual X for return of the cryptocurrency to Ulbricht. Individual X did not return the cryptocurrency but kept it and did not spend it.
On November 3, 2020, Individual X signed a Consent and Agreement to Forfeiture with the U.S. Attorney’s Office, Northern District of California. In that agreement, Individual X, consented to the forfeiture of the Defendant Property to the United States government.
On November 3, 2020, the United States took custody of the Defendant Property from 1HQ3
The auction of the decommissioned BTCs will be epic when the time comes … According to the investigation, Individual X was able to hack into Silk Road and gain unauthorized and illegal access to Silk Road and thereby steal the illicit cryptocurrency from Silk Road and move it into wallets that Individual X controlled.
According to the investigation, Ulbricht became aware of Individual X’s online identity and threatened Individual X for return of the cryptocurrency to Ulbricht. Individual X did not return the cryptocurrency but kept it and did not spend it.
On November 3, 2020, Individual X signed a Consent and Agreement to Forfeiture with the U.S. Attorney’s Office, Northern District of California. In that agreement, Individual X, consented to the forfeiture of the Defendant Property to the United States government.
On November 3, 2020, the United States took custody of the Defendant Property from 1HQ3
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I always wonder how do an agency or anyone can seize bitcoin. They interrogate you and get the private key?
Anyway, while no one would know the reason of moving the coins unless the guys speak about it (Obviously not happening) but my guess is that maybe they are wanting to cash it out since the price is better now and some people had this experience of not selling their coins back in 2017 when the price was $19K+.
Bitcoin price is now $15K which is a sweet spot to sell for some especially those whales will want to take this opportunity I guess.
Anyway, while no one would know the reason of moving the coins unless the guys speak about it (Obviously not happening) but my guess is that maybe they are wanting to cash it out since the price is better now and some people had this experience of not selling their coins back in 2017 when the price was $19K+.
Bitcoin price is now $15K which is a sweet spot to sell for some especially those whales will want to take this opportunity I guess.
🚨🚨 69,369 BTC ($955,011,600) transfered from Unknown to Unknown
a minute ago (Via Whales Alert)
I think, this Big BTC transfer is connected with this article. Have a look at this....
"The U.S. Justice Department has seized and is now seeking the forfeiture of thousands of bitcoins tied to the now-defunct Silk Road dark web market, with the holdings valued in excess of $1 billion."
U.S. officials seize 'more than $1 billion in bitcoin' tied to Silk Road: https://www.theblockcrypto.com/linked/83695/us-seizure-silk-road-bitcoins-report
a minute ago (Via Whales Alert)
I think, this Big BTC transfer is connected with this article. Have a look at this....
"The U.S. Justice Department has seized and is now seeking the forfeiture of thousands of bitcoins tied to the now-defunct Silk Road dark web market, with the holdings valued in excess of $1 billion."
U.S. officials seize 'more than $1 billion in bitcoin' tied to Silk Road: https://www.theblockcrypto.com/linked/83695/us-seizure-silk-road-bitcoins-report
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