In recent days, wallets linked to the U.S. government transferred more than a billion dollars’ worth of Bitcoin. These aren’t small transactions. We’re talking about thousands of coins that were once confiscated after the 2016 Bitfinex hack.
According to blockchain analytics, around 17,000 BTC left over the course of several days. Some were sent to Coinbase Prime, while others went to new addresses with no public labels. At current prices, the total exceeded $1.5 billion.