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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/09/2026

U.S. Government Moves $1 Billion in Bitfinex-Hack Bitcoin, No Sale Detected

What happened: On October 8, 2026, the U.

U.S. Government Moves $1 Billion in Bitfinex-Hack Bitcoin, No Sale Detected

What happened: On October 8, 2026, the U.S. government transferred 12,267 BTC (about $1.01 billion) from wallets tied to the 2016 Bitfinex hack. Blockchain data shows these funds moved to new, unlabeled wallets, with no deposits to exchanges. This follows $770 million (9,261 BTC) routed to Coinbase Prime over the previous two days, including 2,456 BTC in newly discovered holdings from recent law enforcement seizures. The activity totals nearly 17,800 BTC (~$1.5B) moved in three days, but no sales have been confirmed.

Why it matters: The transfers raised speculation about potential government sales, but on-chain data indicates wallet reshuffling rather than liquidation. The Strategic Bitcoin Reserve order, enacted in 2025, bars sales of forfeited BTC, reinforcing the view that these are custody or legal staging actions. The lack of exchange deposits is the strongest signal that no market sale is imminent, reducing immediate price impact concerns.

Source: CoinDesk