Government-linked $1B Bitcoin transfer reaches Coinbase addresses
Photo: Crypto Briefing
A US government wallet tied to the Bitfinex hack seizure moved 12,267.02 BTC to Coinbase Prime, and the evidence points to custody shuffling, not a sale A wallet linked to the US government moved 12,267.02 BTC, worth about $1.01 billion, on October 8. The coins eventually landed in Coinbase deposit addresses. Arkham Intelligence identified the source wallet as tied to the government’s seizure from the 2016 Bitfinex hack. That case remains one of the largest crypto recoveries tied to a single theft. The coins did not travel straight to Coinbase.
Also reported by The Defiant.
Source: Crypto Briefing
