The US authorities transferred roughly 8.2 Bitcoins (BTC), price roughly $606,000, to Coinbase Prime.
The switch was tied to the 2016 Bitfinex hack seizure, in response to on-chain knowledge flagged by Arkham Intelligence.
Why These Bitcoins Are Unlikely to Hit the Market
The pockets executed two back-to-back outflows, splitting the transfer right into a 7.999 BTC transaction and a smaller 0.197 BTC deposit routed to the identical Coinbase Prime deal with.
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Trade-bound transfers typically spark hypothesis of an imminent liquidation. Nevertheless, these particular cash are legally dedicated elsewhere.
A federal court docket authorised the return of roughly 94,643 BTC to Bitfinex by restitution agreements in early 2025. The ruling established Bitfinex as the only sufferer entitled to restoration.
Thursday’s outflow follows earlier 2026 transfers from the federal pockets on March 3 and April 10. US authorities wallets at the moment maintain 328,361 Bitcoin price roughly $24 billion as of April 2026, in response to Arkham knowledge. The most recent switch equals over 0.0024% of the stash.
Ilya Lichtenstein executed 2,000 fraudulent transactions to steal 119,754 BTC from Bitfinex in 2016. He obtained a 5-year jail sentence in November 2024.
Lichtenstein and his spouse, Heather Morgan, pleaded responsible to conspiracy to commit cash laundering in August 2023. He earned early launch in January 2026 below the First Step Act.
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