Bitcoin haul of $1 billion on move, possibly with Silk Road tie

Almost $1 billion worth of Bitcoin that likely originated from Silk Road is on the move, according to blockchain tracker Elliptic.

Some 69,369 Bitcoins have been moved out of a wallet that may be associated with the website, Elliptic said. Silk Road peddled everything from drugs to murder-for-hire before being busted by U.S. agents in 2013. Some Bitcoins associated with the site have been sold in government auctions in prior years.

Whether the $1 billion of Bitcoin is being moved by Silk Road’s owner, law enforcement or a vendor is unclear, according to Tom Robinson, co-founder of Elliptic. The account from which the funds moved is the world’s fourth-richest Bitcoin address, according to BitInfoCharts.