US Government Moves Over $606,000 Bitfinex Hack Bitcoin to Coinbase Prime
The US authorities transferred roughly 8.2 Bitcoins (BTC), value roughly $606,000, to Coinbase Prime.
The switch was tied to the 2016 Bitfinex hack seizure, in accordance to on-chain knowledge flagged by Arkham Intelligence.
Why These Bitcoins Are Unlikely to Hit the Market
The pockets executed two back-to-back outflows, splitting the transfer right into a 7.999 BTC transaction and a smaller 0.197 BTC deposit routed to the identical Coinbase Prime deal with.
Follow us on X to get the most recent information because it occurs
Exchange-bound transfers usually spark hypothesis of an imminent liquidation. However, these particular cash are legally dedicated elsewhere.
A federal court docket authorized the return of roughly 94,643 BTC to Bitfinex through restitution agreements in early 2025. The ruling established Bitfinex because the sole victim entitled to restoration.
Thursday’s outflow follows earlier 2026 transfers from the federal pockets on March 3 and April 10. US authorities wallets presently maintain 328,361 Bitcoin value roughly $24 billion as of April 2026, in accordance to Arkham knowledge. The newest switch equals over 0.0024% of the stash.
Ilya Lichtenstein executed 2,000 fraudulent transactions to steal 119,754 BTC from Bitfinex in 2016. He obtained a 5-year jail sentence in November 2024.
Lichtenstein and his spouse, Heather Morgan, pleaded responsible to conspiracy to commit cash laundering in August 2023. He earned early launch in January 2026 beneath the First Step Act.
The publish US Government Moves Over $606,000 Bitfinex Hack Bitcoin to Coinbase Prime appeared first on BeInCrypto.