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US Government Transfers $606,000 in Bitcoin Linked to 2016 Bitfinex Hack to Coinbase
The US government has initiated a transfer of approximately $606,000 worth of bitcoin to Coinbase Prime, with on-chain data indicating the 8 BTC are connected to Ilya Lichtenstein, the individual responsible for the decade-old Bitfinex hack. According to data tracked by Arkham, these coins are not ordinary, as they have a court-mandated destination. In early 2025, federal proceedings confirmed th…
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 linked to Ilya Lichtenstein, the perpetrator 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 indicates potential sellin…
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 another 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 decade-old Bitfinex hack, as indicated by on-chain data tracked by Arkham. Although transfers to exchanges can be seen as a potential sign of selling pressure, they may also represent rou…
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 made a significant 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 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 rest…
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 recently moved approximately $606,000 worth of bitcoin to Coinbase Prime, with on-chain data suggesting the transferred coins are linked to the 2016 Bitfinex hack. The 8 BTC transferred are part of the 119,756 BTC stolen by Ilya Lichtenstein in the decade-old hack. According to court proceedings, the seized assets will be returned to Bitfinex, which plans to use the funds to…
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 Tied to 2016 Bitfinex Hack to Coinbase
The US government has transferred approximately $606,000 worth of bitcoin to Coinbase, with on-chain data indicating the 8 BTC are linked to Ilya Lichtenstein, the individual behind the 2016 Bitfinex hack. This transfer is not expected to result in immediate selling pressure, as the coins have a predetermined destination. In 2025, federal proceedings mandated the in-kind restitution of seized ass…
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 significant 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. According to on-chain data tracked by Arkham, these coins have a predetermined destination. The bitcoin tied to the Bitfinex hack has a court-m…
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 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 sometimes signal potential selling pressure, they can also represent rou…
April 17, 2026, 5:03 a.m.