US Government Transfers $606,000 in Bitcoin to Coinbase, Linked to 2016 Bitfinex Hack
The US government has 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 are part of the 119,756 BTC stolen by Ilya Lichtenstein, who was sentenced to 60 months in federal prison in 2024. According to court proceedings, the seized assets will be returned to Bitfinex in-kind, rather th…
April 17, 2026, 5:03 a.m.