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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 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 2016 Bitfinex hack. According to on-chain data, these coins have a predetermined destination, as per a court order. In 2025, federal proceedings mandated the in-kind rest…
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 moved approximately $606,000 worth of bitcoin to Coinbase, with on-chain data indicating the transferred coins are linked to the 2016 Bitfinex hack. The transferred 8 BTC are part of the 119,756 BTC stolen by Ilya Lichtenstein, with a court order mandating their return to Bitfinex. The returned funds will be used to redeem outstanding Recovery Right Tokens and repurchase UNU…
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 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 are not just any ordinary coins. While transfers to exchanges can sometimes be …
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 Bitfinex hack. The bitcoin's destination is predetermined by court order, requiring the government to return the coins to Bitfinex rather than liquidating them. The returned funds wi…
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 Bi…
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 proceedi…
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 change…
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 predeter…
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 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 mastermind behind the decade-old hack of Bitfinex. 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 o…
April 17, 2026, 5:03 a.m.