Silk Road-linked wallet transfers $3.14 million worth of bitcoin to an unknown address after a decade of dormancy

ChainCatcher news, according to The Block, hundreds of cryptocurrency wallets associated with "Silk Road" that had been dormant for more than a decade became active on Tuesday, transferring bitcoin to an unidentified address.

Data from Arkham Intelligence shows that approximately 312 wallets linked to the now-defunct darknet marketplace "Silk Road" collectively transferred bitcoin worth $3.14 million to the address "bc1q…ga54". It is currently unclear why these wallets suddenly became active. According to Arkham, as of now, wallets associated with "Silk Road" still hold about $41.3 million worth of bitcoin.