US Government Moves $1 Billion in Bitcoin Seized From Bitfinex Hacker
Summary
A U.S. government-linked wallet moved 12,267 BTC, worth about $1.01 billion, tied to the 2016 Bitfinex hack seizure. Most went to a new, unlabeled address, not an exchange, and wallet transfers alone do not establish a sale. The coins have since moved again, according to Arkham. The transfer follows other movements of seized crypto, including funds routed to Coinbase Prime, whose custody services mean deposits do not confirm sales. The activity renews questions about the government’s plans for seized Bitcoin: a 2025 executive order directed forfeited BTC to a Strategic Bitcoin Reserve, while the government holds about 306,795 BTC, worth roughly $24.85 billion.
