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US government moves $1B in seized Bitfinex Bitcoin to new wallet, raising questions on future plans.

Market News
08 Oct 2026
Decrypt
View Source
Neutral
US government moves $1B in seized Bitfinex Bitcoin to new wallet, raising questions on future plans.

The US government transferred 12,267 BTC worth about $1.01 billion from the Bitfinex hack seizure to a new, unlabeled wallet. This move follows recent transfers of seized crypto to Coinbase Prime, though no sales are confirmed as the coins moved between wallets. The Bitcoin is part of roughly 94,000 BTC seized in 2022 from the Bitfinex hackers. A 2025 executive order directs forfeited Bitcoin into a reserve that won't be sold, but the government still holds about 306,795 BTC worth around $24.85 billion. These transfers raise questions about Washington's plans for its large Bitcoin holdings.

The US government's recent transfer of $1 billion in Bitcoin seized from the Bitfinex hacker provides context for cryptocurrency market activity. For readers following crypto assets, here is Pluang's market snapshot as of Oct 08, 2026 23:31 WIB: out of 50 major cryptocurrencies priced on Pluang, 6 rose and 43 fell. Notable movers include SOL (Solana) at Rp1.944.007 with a 1-day change of -7.05% and a typical hold time of 71 days, DOGE (Dogecoin) at Rp1.486 down 6.54% with a 110-day hold time, and ONE (Harmony) at Rp37 down 6.25% with a 152-day hold time. Pluang order activity shows mixed buy/sell ratios across these assets.

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