Wallets linked to the U.S. government moved 12,267 bitcoin BTC$82,421.25, worth about $1.01 billion, on Thursday, according to data provided by blockchain intelligence firm Arkham.
The coins left a wallet holding funds seized in the 2016 Bitfinex hack and went to a new, unlabeled address, with a second transaction going to a different address. No exchange deposit was recorded, a pattern more consistent with wallet reshuffling than a sale.
The transfer follows heavier exchange-bound activity 24 hours earlier, when roughly 3,200 BTC (about $264 million) and $119 million in USDT were deposited into Coinbase Prime addresses. The funds came from wallets tied to the FTX/Alameda and Bitfinex seizures, according to Arkham’s identification.
CoinDesk reported on Wednesday that more than $100 million in BTC and BNB moved in a similar fashion. In July, about $288 million in seized bitcoin and ether was routed to Coinbase Prime via fresh intermediary wallets.
Deposits to Coinbase Prime don't necessarily indicate a sale, as the platform also provides custody services. A March 2025 executive order directed that forfeited bitcoin be placed into a Strategic Bitcoin Reserve and said it should not be sold. The government still holds about $25.5 billion worth of crypto, Arkham shows.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Source
This article is syndicated for educational reading. For the latest updates, visit the original publisher.
Read on coindesk.com
