US government initiates around $922 million in bitcoin transfers from seized Bitfinex hack funds | Headlines | News | CoinMarketCap

02/29/2024 09:54
US government initiates around $922 million in bitcoin transfers from seized Bitfinex hack funds | Headlines | News | CoinMarketCap

The U.S. government appears to have transferred out about $922 million worth of bitcoin from two crypto wallets that held funds seized from a 2016 …

The U.S. government appears to have transferred out about $922 million worth of bitcoin from two crypto wallets that held funds seized from a 2016 Bitfinex hack, according to data from Arkham Intelligence.

One wallet first transferred out 1 bitcoin ($60,200) on Wednesday afternoon EST and subsequently transferred out 2817 bitcoin worth around $172.74 million to unidentified addresses, the data showed.

Also on the same day, another wallet transferred out 0.01 bitcoin and 12,267 bitcoin worth about $748.46 million. That brought the total value of the bitcoin transfers from the two wallets to around $922 million, according to the data.

The U.S. Department of Justice did not immediately respond to The Block’s request for comment.

The two wallets contained the funds the government seized …

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