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US government moves $1B in Bitcoin and $94M in Tether amid Bitfinex restitution process.

Market News
08 Oct 2026
Bitcoin
View Source
Neutral
US government moves $1B in Bitcoin and $94M in Tether amid Bitfinex restitution process.

The US government transferred over 12,267 BTC worth about $1.01 billion and $94.15 million in USDT to Coinbase Prime, continuing a recent spree of large crypto movements totaling nearly $1.87 billion in three days. These Bitcoin transfers are linked to the 2016 Bitfinex hack restitution process, where recovered stolen coins are being returned to Bitfinex, not sold by the government. The activity also involved smaller test transactions from FTX-linked wallets. While the transfers raise questions about government intentions, the court-approved restitution process suggests these are returns of stolen assets rather than sales, amid a broader crypto market downturn.

The US government's recent transfer of $1 billion in Bitcoin and $94 million in Tether provides context for the crypto market environment. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Oct 09, 2026 00:32 WIB: out of 50 major cryptocurrencies priced on Pluang, 4 rose and 45 fell today. Notable movers include SAND (The Sandbox) down 19.38% at Rp1.185 with a typical hold time of 123 days and a Pluang order activity of 69% Sell / 31% Buy, MANA (Decentraland) down 12.87% at Rp1.625 with a typical hold time of 156 days and 11% Sell / 89% Buy activity, and AVAX (Avalanche) down 12.31% at Rp176.196 with a typical hold time of 87 days and 61% Sell / 39% Buy activity.

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