🧠 📢 What exactly happened?
The U.S. government:
moved
linked to the Bitfinex hack of 2016
to Coinbase Prime
👉 Detected by on-chain data (Arkham, etc.)
🧩 🔍 Key context (VERY important)
🧨 The Bitfinex hack (2016)
~ stolen
119,756 BTC
One of the biggest hacks in history
In 2022, the U.S. recovered a large portion (~94,000 BTC)
👉 Today, those funds are still under government control
⚖️ 🧠 Why did they move those BTC?
Here's the key point:
👉 NOT a sell-off (probably)