US Government Moves Over $606,000 Bitfinex Hack Bitcoin to Coinbase Prime
The US government transferred $606,000 in Bitcoin seized from the Bitfinex hack to Coinbase Prime, though it's unlikely to be sold.Summary
The U.S. government has transferred approximately 8.2 Bitcoins, valued at around $606,000, to Coinbase Prime. This Bitcoin was seized as part of the 2016 Bitfinex hack. While transfers to exchanges often signal potential sales, these specific coins are legally designated for restitution to Bitfinex, which was deemed the sole victim entitled to recovery by a federal court in early 2025. This recent transfer follows previous outflows from the federal wallet in March and April 2026. The wallet holding these seized assets is part of a larger stash of over 328,000 Bitcoins held by the U.S. government. Ilya Lichtenstein, who stole the Bitcoin in 2016, received a five-year prison sentence and pleaded guilty to conspiracy to commit money laundering, later earning early release.
(Source：BeInCrypto)