US gov’t told to ‘HODL’ $2B of seized bitcoin via on-chain inscription
After a weekend rally approaching $70k, Bitcoin was sent tumbling almost 5% on the news that over $2 billion worth of US Government-controlled funds were suddenly on the move. However, as noted by Blockchain analytics platform Arkham Intelligence , one US er took it upon themselves to deposit an on -chain plea directly into the government’s wallet, urging them to ‘HODL’ the funds rather than dump the BTC onto the market. lol Someone sent the US Government an Ordinal saying ‘H O D L’ https://t.co/0aULBXGd8P pic.twitter.com/Ct4eStIEpZ — Arkham (@ArkhamIntel) July 30, 2024 Read more: German government told ‘taxes are robbery’ via Bitcoin inscription Arkham has the address labeled as ‘US Government: Silk Road DOJ Confiscated Funds (bc1qj),’ referring to bitcoin seized from James ‘Jimmy’ Zhong in November 2021. Exploiting a bug in the online black market Silk Road, Zhong acquired a total of over 50,000 bitcoins in September 2012. The plea to ‘HODL’ references a...