U.S. government moves $1 billion in bitcoin from Bitfinex hack wallet, no sale indicated
Arkham data shows the 12,267 BTC went to unlabeled wallets rather than an exchange, a day after $383 million hit Coinbase Prime.
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Summary
- U.S. government-linked wallets moved 12,267 BTC ($1.01 billion) from a Bitfinex hack seizure wallet to new, unlabeled addresses. No exchange deposit was recorded, which points to wallet reshuffling rather than a sale.
- The move follows heavier exchange-bound activity a day earlier, when roughly 3,200 BTC ($264 million) and $119 million in USDT reached Coinbase Prime deposit addresses. Coinbase Prime also provides custody, so deposits there don’t necessarily indicate a sale.
- A March 2025 executive order says forfeited bitcoin should go into a Strategic Bitcoin Reserve and not be sold. The government still holds about $25.5 billion in crypto.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
