On October 8, wallets linked to the US government transferred 12,267.02 BTC, valued at approximately $1.01 billion. During the transaction, 6,000 BTC were sent to a new address while the remaining 6,267 BTC were held elsewhere. On October 9, these funds, which are associated with the 2016 Bitfinex hack, were moved to new addresses.
Over $1 billion in Bitcoin linked to the 2016 Bitfinex breach moved to unlabeled addresses, sparking discussions on potential liquidation or strategic consolidation.
Read the full storyUS government-controlled wallets transferred over 12,267 BTC, sparking market speculation regarding potential selling pressure on the leading cryptocurrency.
