US Government Moves Over $1 Billion in Seized Bitcoin to Coinbase Prime in Multiple Transfers
Government-labeled wallets sent 833.6 BTC and 40,285 BNB, worth a combined US Government Moves $103 Million in Seized Bitcoin and BNB, But Hasn't Said Why.
, to Coinbase Prime deposit addresses, according to Decrypt. Arkham data cited by Decrypt ranks the underlying stash as the largest Bitcoin holding of any government.
Separately, the US government moved 9,261 BTC, valued at roughly US government moves $770M of seized Bitcoin to Coinbase Prime.
, to Coinbase Prime, according to Cointelegraph. That total included 2,456 BTC in newly identified funds that Cointelegraph linked to federal law enforcement seizures.
Following those transfers, the government moved US government moves $1B in seized Bitcoin after $770M transfers.
in seized Bitcoin in a single transaction, according to Cointelegraph. Blockchain analysts identified the wallet behind the move as one tied to the recovery of funds from the Bitfinex hack, Cointelegraph reported. CoinDesk confirmed the $1 billion transfer from the Bitfinex-linked wallet and said no sale has been indicated.
In a separate development, a Bitcoin wallet that mined coins for a fraction of a cent in 2010 moved funds after sitting dormant, with the holdings now worth Bitcoin mined for pennies in 2010 moves after 16 years, now worth $8.5 million.
, according to CoinDesk.
Sources: Decrypt, Cointelegraph, CoinDesk
This article is for information only and is not financial advice.
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