✉news BusinessCrypto first seen 6 d ago, last 6 d ago, peak #18
US Moves $1 Billion in Seized Bitfinex Bitcoin to Unlabeled Wallets
Original: U.S. Government Sends $1 Billion in Seized Bitfinex Bitcoin to Unlabeled Wallets
The U.S. government has transferred roughly $1 billion in Bitcoin seized in the 2016 Bitfinex hack to wallets that are not yet labeled or attributed to any known exchange or custodian. Market watchers are monitoring the transfers closely, as large movements of government-held crypto are often read as a signal that assets may soon be sold, which could weigh on Bitcoin prices.
Why now: Large transfers of government-seized Bitcoin typically spark speculation that an imminent sale could pressure the market.
U.S. governmentBitfinexBitcoin
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