The U.S. government moves $606,000 in bitcoin linked to the 2016 Bitfinex hack to Coinbase
CoinDesk·4h ago·Neutral
What Happened
The U.S. government moved approximately $606,000 worth of bitcoin linked to the 2016 Bitfinex hack to Coinbase Prime. The 8 BTC are connected to Ilya Lichtenstein, who stole 119,756 BTC from Bitfinex in August 2016. Federal proceedings mandate returning seized assets to Bitfinex in-kind rather than liquidating them independently.
Key Entities
U.S. GovernmentBitfinexIlya LichtensteinCoinbase PrimeBitcoin2016 Hack