Nearly $1 billion worth of bitcoins connected to the illegal darknet website “Silk Road” are on the move, according to blockchain tracker Elliptic, Bloomberg reported Tuesday.
What Happened: 69,369 bitcoins were moved out of a wallet linked to the Ross William Ulbricht-run website that once facilitated the sale of drugs and access to services like murder-for-hire, Bloomberg reported.
It is not clear if the funds are being moved by the owner of Silk Road, law enforcement, or a vendor, Tom Robinson, co-founder of Elliptic told Bloomberg.
“I’d say I’m about 60% confident that these funds are from the Silk Road at the moment— I’m not certain about it,” Robinson said.
$1 billion in #bitcoin originating from the Silk Road dark market, and perhaps belonging to its founder Ross Ulbricht, are on the move today for the first time since 2015. Who controls these funds now?https://t.co/pyoATdjgLF