$1B Bitcoin Linked To FBI-Seized Darknet Market Silk Road Is On The Move After 5 Years: Report

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.

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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.

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