US-linked wallet moves over $1B in Bitcoin tied to Bitfinex hack
Macro & Markets ·
A wallet marked as holding seized Bitfinex-hacker funds sent out 12,267 BTC, worth roughly $1.01 billion, continuing a pattern of large government-linked transfers this week.
The movement was recorded on October 8 at 13:33 UTC, according to blockchain tracking data from arkm.com, which labels the originating address as tied to U.S. government custody of funds recovered from the Bitfinex breach. The transfer follows two earlier days in which government-affiliated addresses had already sent more than 6,200 BTC toward Coinbase Prime, suggesting a broader, staged reallocation of the seized holdings rather than a single isolated transaction.
Coinbase Prime is typically used for institutional-scale custody and trading, and its repeated appearance as a destination across these transfers points to a possible preparation for liquidation, custody transfer, or internal portfolio management by the holding agency, though the exact purpose has not been disclosed. The report was also noted independently through on-chain monitoring shared via x.com, reinforcing the scale and timing of the movement.
Coverage of the transfer has been corroborated across at least two distinct tracking sources, with wublockchain.xyz reporting the same figures tied to the labeled Bitfinex-hacker seizure address. The consistency between the wallet labels, transaction size, and timestamp across sources indicates the data is being independently verified rather than sourced from a single feed.
What remains unclear is the ultimate destination or intent behind the funds now sitting in or routed through Coinbase Prime — whether for sale, transfer to another custodial entity, or further government processing. No statement from U.S. authorities has been linked to the transfer, and it is not yet known if additional tranches of the seized Bitfinex-hack BTC will follow in the coming days.