US government moves $1B in seized Bitcoin after $770M transfers
Blockchain analysts identified the US government wallet tied to the recovery of funds from the Bitfinex hack.
The US government recently transferred $1 billion worth of seized Bitcoin from a specialized wallet, following a prior transfer of $770 million in Bitcoin to a Coinbase Prime wallet. This action was carried out in response to the recovery of funds from the 2016 Bitfinex hack, during which 119,756 Bitcoin were stolen. The wallet associated with these transactions is believed to be the one used to recover seized assets in criminal cases and investigations.
As of 2026, the US government is estimated to hold 328,372 Bitcoin, acquired through various seizures. President Donald Trump signed an executive order in March 2025 to establish a strategic Bitcoin and crypto reserve, but lawmakers are still working on turning this order into law.
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