U.S. government moves $1B in bitcoin from Bitfinex hack wallet

Onchain data from Arkham shows the U.S. government moved 12,267 BTC (about $1 billion) out of a wallet tied to the Bitfinex hack, sending the funds to unlabeled addresses rather than an exchange — a signal no sale is indicated. The transfer came a day after $383 million in bitcoin hit Coinbase Prime, per Arkham.

• The destination wallets are unlabeled, so the purpose of the move is not confirmed.
• Government-linked wallet activity draws market attention given the potential for large disposals, though moving funds onchain does not necessarily mean a sale is underway.