The Department of Justice (DOJ) is experiencing delays in confirming a string of transactions involving Silk Road bitcoin. The transactions consist of 9,825 BTC ($302.2 million) being sent by addresses linked to the DOJ. The bitcoin is being directed to unused addresses, suggesting that it may not be sold immediately. In March, the authorities sold 9,800 BTC for $21,800 per token, generating $215 million. The pending transactions are currently facing confirmation delays, possibly due to inadequate transaction fees. The value of bitcoin has dropped slightly since news of the transfers broke.
AI Sentiment: Negative
