Suspected Silk Road Bitcoin Reaches Bitfinex, Binance and Bitmex

In the past few days, a Reddit user posted a detailed analysis of the transactions originating in a wallet related to the Silk Road website. In the latest update, the researcher asserts that these ill-gotten coins found their way to two of the world’s leading cryptocurrency exchanges, Binance and Bitfinex.

The wallet in question that has created a huge stir among the crypto community, contained over 111,114 BTC/BCH and presumably the same amount in other forked coins. According to the analysis of Reddit user sick_silk, who created the account five days ago just for this disclosure, stated that the wallet sent the equivalent of $100 million to Bitfinex and Binance.

Some Redditors have argued that because both Bitfinex and Binance are largely crypto-crypto exchanges, the mysterious wallet owner is limited to what they can trade into; with altcoins or Tether (USDT) as the most likely options, according…

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.