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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 Prime, 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 rather than liquidating them. The returned funds will be used to fully redeem outstanding Recovery Right Tokeā€¦
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 mastermind behind the decade-old Bitfinex hack. This transfer may not necessarily indicate selling pressure, as it could be a routine movement or change in custody. The bitcoin in question has a predeterā€¦
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 8 BTC in question are linked to Ilya Lichtenstein, the individual behind the 2016 Bitfinex hack, according to data tracked by Arkham. While transfers to exchanges can be seen as a potential sign of selling pressure, this may not be the case, as itā€¦
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 8 BTC transferred are linked to Ilya Lichtenstein, the individual behind the 2016 Bitfinex hack, according to on-chain data tracked by Arkham. The transfer of these coins to an exchange may not necessarily indicate selling pressure, but rather routine movement or changeā€¦
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 2016 hack of the Bitfinex exchange. On-chain data tracked by Arkham suggests these coins are not ordinary, as they have a court-mandated destination. In early 2025, federal proceediā€¦
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 2016 Bitfinex hack. According to on-chain data, these coins have a court-mandated destination. In 2025, federal proceedings determined that the seized assets would be returned to Biā€¦
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 sellinā€¦
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 moved approximately $606,000 worth of bitcoin to Coinbase, with on-chain data suggesting the transferred coins are linked to the 2016 hack of Bitfinex, carried out by Ilya Lichtenstein. The transferred 8 BTC are part of the 119,756 BTC stolen in the hack, which is now worth around $8.9 billion. Following a court-mandated restitution, the government is required to return the ā€¦
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 reportedly 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 restiā€¦
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 individual behind the decade-old Bitfinex hack. On-chain data tracked by Arkham suggests that these coins are not just any ordinary coins. While transfers to exchanges can indicate potential sā€¦
April 17, 2026, 5:03 a.m.