TechFlow, December 10 — According to The Block, hundreds of cryptocurrency wallets linked to the darknet marketplace Silk Road were reactivated on Tuesday after more than a decade of inactivity, transferring $3.14 million worth of BTC to an unknown address.
Data from Arkham Intelligence shows that approximately 312 wallets associated with the defunct Silk Road marketplace collectively moved BTC to the address "bc1q...ga54". It remains unclear why these wallets were reactivated. As of now, Silk Road-related wallets still hold around $41.3 million worth of BTC. In January, Coinbase director Conor Grogan stated on X that he had identified about $47 million worth of BTC linked to Silk Road founder Ross Ulbricht.
Earlier this year, former U.S. President Donald Trump signed an executive order granting clemency to Ulbricht, who was serving a prison sentence.
