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US Government Transfers $606,000 in Bitcoin Tied to 2016 Bitfinex Hack to Coinbase
The US government has once again made a move on the blockchain, transferring approximately $606,000 worth of bitcoin to Coinbase Prime. The transferred 8 BTC are linked to Ilya Lichtenstein, the mastermind behind the 2016 hack of the Bitfinex exchange, according to on-chain data tracked by Arkham. While transfers to exchanges can be a sign of potential selling pressure, they can also be routine w…
April 17, 2026, 5:03 a.m.
Markets
US Government Transfers $606,000 in Bitcoin Linked to 2016 Bitfinex Hack to Coinbase
The US government has been active on the blockchain, transferring approximately $606,000 worth of bitcoin to Coinbase Prime. The transferred 8 BTC are linked to Ilya Lichtenstein, the individual behind the decade-old hack of the Bitfinex exchange. According to on-chain data tracked by Arkham, these coins have a court-mandated destination. In early 2025, federal proceedings solidified the in-kind …
April 17, 2026, 5:03 a.m.
Markets
US Government Transfers $606,000 in Bitcoin Tied to 2016 Bitfinex Hack to Coinbase
The US government has once again made a notable move on the blockchain, transferring approximately $606,000 worth of bitcoin to Coinbase Prime. The transferred 8 BTC are linked to Ilya Lichtenstein, the perpetrator behind the decade-old Bitfinex hack, as indicated by on-chain data tracked by Arkham. While transfers to exchanges can be seen as a potential sign of selling pressure, they can also re…
April 17, 2026, 5:03 a.m.
Markets
US Government Transfers $606,000 in Bitcoin Linked to 2016 Bitfinex Hack to Coinbase
The US government has transferred approximately $606,000 worth of bitcoin to Coinbase, with on-chain data suggesting the 8 BTC are linked to the 2016 Bitfinex hack. The transferred coins are subject to a court-mandated destination, requiring the government to return them to Bitfinex. The exchange plans to use the returned funds to redeem all outstanding Recovery Right Tokens and allocate at least…
April 17, 2026, 5:03 a.m.
Markets
US Government Transfers $606,000 in Bitcoin Linked to 2016 Bitfinex Hack to Coinbase
The US government has been active on the blockchain, transferring approximately $606,000 worth of bitcoin to Coinbase Prime. The transferred 8 BTC are linked to Ilya Lichtenstein, the individual responsible for the decade-old hack of the Bitfinex exchange. According to on-chain data tracked by Arkham, these coins have a court-mandated destination. In early 2025, federal proceedings solidified the…
April 17, 2026, 5:03 a.m.
Markets
US Government Transfers $606,000 in Bitcoin Linked to 2016 Bitfinex Hack to Coinbase
The US government has once again made a notable move on the blockchain, transferring approximately $606,000 worth of bitcoin to Coinbase Prime. The 8 BTC in question are linked to Ilya Lichtenstein, the individual behind the decade-old Bitfinex hack, according to data tracked by Arkham. While transfers to exchanges can sometimes indicate potential selling pressure, they may also reflect routine w…
April 17, 2026, 5:03 a.m.
Markets
US Government Transfers $606,000 in Bitcoin Tied to 2016 Bitfinex Hack to Coinbase
The US government has been active on the blockchain, transferring approximately $606,000 worth of bitcoin to Coinbase Prime. The transferred 8 BTC are linked to Ilya Lichtenstein, the individual behind the decade-old Bitfinex hack. According to on-chain data tracked by Arkham, these coins have a court-mandated destination. In early 2025, federal proceedings solidified the in-kind restitution of t…
April 17, 2026, 5:03 a.m.
Markets
US Government Transfers $606,000 in Bitcoin from 2016 Bitfinex Hack to Coinbase
The US government has made a significant move on the blockchain, transferring approximately $606,000 worth of bitcoin to Coinbase Prime. The transferred coins are linked to the 2016 Bitfinex hack, in which Ilya Lichtenstein stole 119,756 BTC. The government is required to return the seized assets to Bitfinex, rather than selling them, as part of a court-mandated restitution. Bitfinex intends to u…
April 17, 2026, 5:03 a.m.
Markets
US Government Transfers $606,000 in Bitcoin Tied to 2016 Bitfinex Hack to Coinbase
The US government has once again made a notable move on the blockchain, transferring approximately $606,000 worth of bitcoin to Coinbase Prime. The transferred 8 BTC are linked to Ilya Lichtenstein, the individual behind the 2016 Bitfinex hack, as indicated by on-chain data tracked by Arkham. While transfers to exchanges can often be seen as a potential sign of selling pressure, they can also rep…
April 17, 2026, 5:03 a.m.
Markets
US Government Transfers $606,000 in Bitcoin Linked to 2016 Bitfinex Hack to Coinbase
The US government has made a significant move on the blockchain, transferring approximately $606,000 worth of bitcoin to Coinbase Prime. The transferred 8 BTC are reportedly linked to Ilya Lichtenstein, the individual behind the 2016 Bitfinex hack. According to on-chain data tracked by Arkham, these coins are not just any ordinary coins. The transfer of coins to an exchange often suggests potenti…
April 17, 2026, 5:03 a.m.