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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 Indicated

What happened: On October 8, the U.

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

What happened: On October 8, the U.S. government transferred 12,267 BTC (about $1.01 billion) from a wallet linked to the 2016 Bitfinex hack to a new, unlabeled address, according to Arkham Intelligence. The move did not involve any exchange deposit, and a dust amount was sent to a second wallet. This follows a previous day’s transfer of 2,574 BTC (~$215 million) and $119 million USDT to Coinbase Prime from FTX/Alameda and Bitfinex seizure wallets. The transferred coins are part of the 94,000 BTC seized in 2022 from Ilya Lichtenstein and Heather Morgan. A 2025 executive order mandates that forfeited BTC enter the Strategic Bitcoin Reserve and prohibits sales.

Why it matters: The movement of such a large amount of BTC, without any sign of sale, suggests internal custody management rather than market liquidation. The U.S. now holds approximately $25.5 billion in crypto assets, making its on-chain activity a key market signal. The lack of exchange deposits helps calm fears of imminent government-driven sell pressure, but the scale of these holdings continues to be a source of speculation for traders and policymakers alike.

Source: CoinDesk