The U.S. government appears to have transferred approximately $922 million worth of Bitcoin from two cryptocurrency wallets that stored funds seized in the 2016 Bitfinex hack. data From Arkham Intelligence.
one wallet The data shows that on Wednesday afternoon EST, the first transfer was 1 bitcoin ($60,200), followed by 2,817 bitcoins worth about $172.74 million to an unconfirmed address.
Also on the same day another wallet 0.01 Bitcoin and 12,267 Bitcoin worth approximately $748.46 million were transferred. The total value of Bitcoin transferred from the two wallets reached approximately $922 million, according to the data.
The U.S. Department of Justice did not immediately respond to The Block’s request for comment.
Both wallets contained funds seized by the government in the 2016 Bitfinex hack. In August 2023, tech entrepreneur and rapper Heather Morgan, also known as ‘Razzlekhan’, and her husband Ilya Lichtenstein. plead guilty A money laundering conspiracy related to the 2016 hack of cryptocurrency trading platform Bitfinex. The Justice Department said in a statement in August that it had seized approximately 95,000 stolen bitcoins from cryptocurrency wallets controlled by the defendants.
This transfer coincided with a surge in Bitcoin prices on Wednesday. Bitcoin BTC
+7.81%
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