U.S. government moves $1 billion in bitcoin from Bitfinex hack wallet, no sale indicated
In this news:
Key takeaways
- U.S. government-linked wallets transferred 12,267 bitcoin worth roughly $1.01 billion.
- The coins originated from a wallet holding funds seized in the 2016 Bitfinex hack.
- No exchange deposit was recorded, indicating wallet reshuffling rather than an immediate sale.
Wallets linked to the U.S. government moved 12,267 bitcoin, worth about $1.01 billion, on Thursday, according to data provided by blockchain intelligence firm Arkham.
The coins left a wallet holding funds seized in the 2016 Bitfinex hack and went to a new, unlabeled address, with a second transaction going to a different address. No exchange deposit was recorded, a pattern more consistent with wallet reshuffling than a sale.
Recent government wallet movements
The transfer follows heavier exchange-bound activity 24 hours earlier, when roughly 3,200 BTC and $119 million in USDT landed at Coinbase Prime deposit addresses. The funds came from wallets tied to the FTX/Alameda and Bitfinex seizures, according to Arkham’s identification.
CoinDesk reported on Wednesday that more than $100 million in BTC and BNB moved in a similar fashion. In July, about $288 million in seized bitcoin and ether was routed to Coinbase Prime via fresh intermediary wallets.
Custody and policy context
Deposits to Coinbase Prime don't necessarily indicate a sale because the platform also provides custody. A March 2025 executive order directed forfeited bitcoin into a Strategic Bitcoin Reserve and said it should not be sold. The government still holds about $25.5 billion worth of crypto, Arkham shows.
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