Wallets linked to the U.S. authorities moved 12,267 bitcoin $BTC$81,274.45, price about $1.01 billion, on Thursday, in keeping with information supplied by blockchain intelligence agency Arkham.
The cash left a pockets holding funds seized within the 2016 Bitfinex hack and went to a brand new, unlabeled deal with, with a second transaction going to a unique deal with. No trade deposit was recorded, a sample extra per pockets reshuffling than a sale.
The switch follows heavier exchange-bound exercise 24 hours earlier, when roughly 3,200 $BTC (about $264 million) and $119 million in USDT landed at Coinbase Prime deposit addresses. The funds got here from wallets tied to the FTX/Alameda and Bitfinex seizures, in keeping with Arkham’s identification.
CoinDesk reported on Wednesday that greater than $100 million in $BTC and BNB moved in a similar way. In July, about $288 million in seized bitcoin and ether was routed to Coinbase Prime by way of recent middleman wallets.
Deposits to Coinbase Prime do not essentially point out a sale as a result of the platform additionally offers custody. A March 2025 govt order directed forfeited bitcoin right into a Strategic Bitcoin Reserve and stated it shouldn’t be offered. The federal government nonetheless holds about $25.5 billion price of crypto, Arkham reveals.
