Silk Road wallets move bitcoin to unknown address after decade of dormancy

Hundreds of cryptocurrency wallets associated with the defunct darknet marketplace Silk Road, which had been inactive for over a decade, collectively transferred $3.14 million worth of Bitcoin (BTC) to a single, unidentified address on Tuesday, according to Arkham Intelligence data. While the movement occurred, the Silk Road-linked wallets still reportedly hold approximately $41.3 million in BTC. This activity was flagged by users on X, prompting Coinbase Director Conor Grogan to resurface his earlier identification of roughly $47 million in BTC tied to Silk Road creator Ross Ulbricht. Ulbricht recently received a full and unconditional pardon from U.S. President Donald Trump after serving multiple life sentences for creating the marketplace, which was instrumental in popularizing Bitcoin despite facilitating illegal sales.

(Source：The Block)