Odaily Planet Daily News According to two unconfirmed transactions, about 9,800 bitcoins related to the dark web Silk Road are being transferred, which is the largest fund flow associated with the now closed dark web market in months. 8,200 of these bitcoins were transferred to a new wallet, and the rest were transferred to a change wallet. There is controversy over whether this is a formal transfer, as the funds may be sent back to the original wallet from the new address. In the first transaction, 0.01 BTC was sent to the 361yog wallet, and 506 BTC would be sent to the change address; in the second transaction, 8,200 BTC were sent to the same 361yog wallet, and 1,118 BTC were sent to another change address. Both transactions used the "replace by fee" function. This is usually used to replace an earlier transaction with a transaction showing a higher fee, and is designed to allow Bitcoin users to speed up transactions during congestion. (The Block) Earlier in June, it was reported that a suspected associated address of the dark web market Silk Road, which had been seized by US law enforcement, conducted a small Bitcoin transaction, transferred 10 BTC to another address, and sent 1,490 BTC to the change address, which were then sent to a new wallet containing transaction records associated with the crypto exchanges Coinbase and Gemini. On April 22, 2022, a wallet of James Zhong, who was convicted of stealing Bitcoin from Silk Road, sent 0.00000547 BTC to the associated address. During this period, his control of his funds was transferred to the US government. Several other wallets also sent Bitcoin to it in the same transaction. It is not clear whether these funds are held by the US government.
