The US government transferred approximately 8.2 Bitcoins (BTC), worth roughly $606,000, to Coinbase Prime.
The transfer was tied to the 2016 Bitfinex hack seizure, according to on-chain data flagged by Arkham Intelligence.
Why These Bitcoins Are Unlikely to Hit the Market
The wallet executed two back-to-back outflows, splitting the move into a 7.999 BTC transaction and a smaller 0.197 BTC deposit routed to the same Coinbase Prime address.
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Exchange-bound transfers often spark speculation of an imminent liquidation. However, these specific coins are legally committed elsewhere.
A federal court approved the return of approximately 94,643 BTC to Bitfinex through restitution agreements in early 2025. The ruling established Bitfinex as the sole victim entitled to recovery.
Thursday’s outflow follows earlier 2026 transfers from the federal wallet on March 3 and April 10. US government wallets currently hold 328,361 Bitcoin worth roughly $24 billion as of April 2026, according to Arkham data. The latest transfer equals over 0.0024% of the stash.
Ilya Lichtenstein executed 2,000 fraudulent transactions to steal 119,754 BTC from Bitfinex in 2016. He received a 5-year prison sentence in November 2024.
Lichtenstein and his wife, Heather Morgan, pleaded guilty to conspiracy to commit money laundering in August 2023. He earned early release in January 2026 under the First Step Act.
The post US Government Moves Over $606,000 Bitfinex Hack Bitcoin to Coinbase Prime appeared first on BeInCrypto.
Source: https://beincrypto.com/us-government-bitcoin-coinbase-prime-transfer/
