Sentiment: Positive
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US Government Moves Bitcoin From 2016 Bitfinex Hack Case to Coinbase – Here’s Why
By Trader Edge at 2026-11-07 11:43
Sentiment: Positive
TLDR The US government moved 264.863 BTC, worth about $23 million, to Coinbase on October 6, 2026. The coins are tied to the 2016 Bitfinex hack and are part of a court-ordered restitution process, not a sale. A 2025 federal ruling required the seized Bitcoin to be returned to Bitfinex in-kind instead of as cash. [...] The post US Government Moves Bitcoin From 2016 Bitfinex Hack Case to Coinbase – Here’s Why appeared first on CoinCentral. Continue reading...
Categories: Analysis
Tags: #Analysis #News
Source Coin Central