✉news BusinessCrypto first seen 1 d ago, last 14 h ago, peak #9
US government moves $1 billion in Bitfinex hack bitcoin
Original: U.S. government moves $1 billion in bitcoin tied to Bitfinex hack, with no sign of sale
The U.S. government has transferred roughly $1 billion worth of bitcoin linked to the 2016 Bitfinex hack to new wallets, according to CoinDesk. Blockchain observers noted the movement but saw no immediate signs the coins are being sold. Large government wallet shifts typically spark speculation about potential market impact, so traders and analysts are watching closely for any follow-up deposits to exchanges.
Why now: Large movements of seized bitcoin by the U.S. government often fuel speculation about imminent sales that could affect bitcoin's price.
U.S. governmentBitfinexBitcoin
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