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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 Prime, with on-chain data suggesting 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, who was sentenced to 60 months in federal prison in 2024. The US government had seized a portion of the stolen BTC, then worth $3.6 billion, inā€¦
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 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 2016 Bitfinex hack. The coins have a court-mandated destination, with the government required to return them to Bitfinex rather than liquidating them independently. Bitfinex plans to use the reā€¦
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 ā€¦
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 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 restā€¦
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 wā€¦
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 Prime, with on-chain data suggesting the transferred 8 BTC are tied to Ilya Lichtenstein, the individual behind 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. Bitfinex plans to use the returnedā€¦
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 linked to Ilya Lichtenstein, the individual behind the decade-old Bitfinex hack, as indicated by on-chain data tracked by Arkham. While transfers to exchanges can sometimes signify potential selling pressure, they may also represā€¦
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 moved approximately $606,000 worth of bitcoin, linked to the 2016 Bitfinex hack, to Coinbase. The transferred coins are part of the 119,756 BTC stolen by Ilya Lichtenstein, who was sentenced to 60 months in federal prison in 2024. The returned funds will be used by Bitfinex to fully redeem outstanding Recovery Right Tokens and allocate at least 80% of the remaining net proceā€¦
April 17, 2026, 5:03 a.m.