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US moves $606K in Bitcoin from 2016 Bitfinex hack to Coinbase Prime wallet, hinting at restitution process.

Market News
18 Apr 2026
Zycrypto
View Source
Neutral
pluang ai news

The US government transferred about $606,000 worth of Bitcoin from the 2016 Bitfinex hack to a Coinbase Prime wallet, according to Arkham research. This move is part of a court-mandated restitution process to return stolen funds to the affected exchange, not a liquidation. The original hack saw 119,754 BTC stolen, with around 94,000 BTC recovered and held by the government, now worth over $7 billion. The transfer signals ongoing efforts to manage and return these assets, while the government still holds more than $17 billion in other seized cryptocurrencies from various criminal cases.

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Ethereum's rally faces a key test as staking demand rises despite lower yields.

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Baidu plans dual-primary listing on Hong Kong Stock Exchange to boost liquidity and investor base.

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