Security
US Government Moves Bitcoin From 2016 Bitfinex Hack Case to Coinbase – Here’s Why
CoinCentral·October 7, 2026·1 min read
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.
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