🚨 U.S. GOVERNMENT TRANSFERS MORE THAN 12,000 BITCOIN WORTH ABOUT $1 BILLION
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The U.S. government moved approximately 12,267 BTC, valued at around $1.01 billion, from a wallet holding Bitcoin seized in connection with the 2016 Bitfinex exchange hack, according to blockchain analytics firm Arkham.
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The Bitcoin was seized in 2022 from individuals connected to the hack. Blockchain data showed the funds were transferred to a new, unlabeled wallet before moving again.
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The transfers do not automatically mean the government sold the Bitcoin. The latest movements did not directly send the funds to a cryptocurrency exchange.
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The transaction has drawn attention because large government Bitcoin transfers can trigger speculation about potential sales and their possible impact on market sentiment.
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$BTC
$SOL
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The U.S. government moved approximately 12,267 BTC, valued at around $1.01 billion, from a wallet holding Bitcoin seized in connection with the 2016 Bitfinex exchange hack, according to blockchain analytics firm Arkham.
.
The Bitcoin was seized in 2022 from individuals connected to the hack. Blockchain data showed the funds were transferred to a new, unlabeled wallet before moving again.
.
The transfers do not automatically mean the government sold the Bitcoin. The latest movements did not directly send the funds to a cryptocurrency exchange.
.
The transaction has drawn attention because large government Bitcoin transfers can trigger speculation about potential sales and their possible impact on market sentiment.
.
$BTC
$SOL