$1B of Bitcoin from Silk Road wallet moves for first time since 2015

An anonymous crypto user has just moved 69,370 from an address associated with the Silk Road darknet market that more recently has become a popular hacking target.

According to a Nov. 3 report from crypto intelligence firm CipherTrace, the recent movement involving two transactions adding up to 69,370 Bitcoin (BTC) — or more than $960 million at the time of publication — originated from an address connected with the Silk Road marketplace shut down in 2013. The crypto user first sent 1 BTC — likely as a test transaction — before moving the bulk of the coins.

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