The U.S. government moves $606,000 in bitcoin linked to the 2016 Bitfinex hack to Coinbase

The U.S. government moves $606,000 in bitcoin linked to the 2016 Bitfinex hack to Coinbase

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailThe U.S. government moves $606,000 in bitcoin linked to the 2016 Bitfinex hack to CoinbaseBitfinex plans to use the returned coins to redeem all Recovery Right Tokens and devote at least 80 percent of remaining net proceeds to repurchasing and burning its UNUS SED LEO token.By Omkar Godbole|Edited by Shaurya Malwa Apr 17, 2026, 5:03 a.m. Make preferred on What to know: The U.S. government moved about $606,000 in bitcoin tied to the 2016 Bitfinex hack to Coinbase Prime, a transfer that may not necessarily signal imminent selling.Federal proceedings require that the seized Bitfinex-related bitcoin be returned in kind to the exchange, rather than sold and sent to the U.S. Treasury.Bitfinex plans to use the returned coins to redeem all Recov

Source: https://www.coindesk.com/markets/2026/04/17/the-u-s-government-moves-usd606-000-in-bitcoin-linked-to-the-2016-bitfinex-hack-to-coinbase