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 <li><strong>CryptoQuant’s Ki Young Ju believes that the U.S. govt is not behind the recent Silk Road BTC transfers.</strong></li> 
 <li><strong>The crypto analyst cited on-chain data to show that the government’s wallets were not involved in the transfers.</strong></li> 
 <li><strong>Ju believes that the transaction patterns belong to crypto exchange wallets rather than the U.S. Govt.</strong></li> 
</ul> 
<p>Ki Young Ju, the co-founder, and CEO of on-chain analytics firm CryptoQuant, believes that the recent news of the United States government transferring Bitcoins seized from the Silk Road may be inaccurate. The crypto analyst cited on-chain data to support his argument and theory.</p> 
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   <p lang="en" dir="ltr">This is not true. Highly likely mislabeled. <a href="https://t.co/Z2vqgTUNug" target="_blank" rel="nofollow">https://t.co/Z2vqgTUNug</a></p>— Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1671246609051537408?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 20, 2023</a>
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<p>Young Ju took to Twitter earlier today to respond to the news of the U.S. government moving the Bitcoins it had seized from the defunct online black market Silk Road. According to Ju, the wallet addresses involved in the transactions are not owned by the U.S. government. He added that the addresses did not match with any of the addresses disclosed by the government in previous court filings.</p> 
<p>The CryptoQuant founder cited a previous tweet from fellow …</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/crypto-analyst-debunks-silk-road-btc-transfers-by-us-government/">Crypto Analyst Debunks Silk Road BTC Transfers by US Government</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Crypto Analyst Debunks Silk Road BTC Transfers by US Government

Coin Edition

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