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International Business Times
International Business Times
Business
Marvie Basilan

Data Shows US Govt. Transferred Over $900M Seized Bitcoin Amid BTC's $60K Jump

Bitcoin Bitfinex United States Ilya Lichtenstein DOJ blockchain Crypto FBI
The U.S. government seized some $3.6 billion worth of Bitcoin from the $4.5 billion hack of Bitfinex in 2016, and on Wednesday's BTC rally, some $900 million worth of the cryptocurrency were moved. (Credit: AFP)

KEY POINTS

  • Four transfers were made Wednesday, with the last one being over 12,000 BTC
  • Bitfinex was exploited for $4.5 billion in 2016, with US authorities seizing some $3.6 billion of the stolen funds
  • Bitfinex has said the recovered billions should be returned to the crypto exchange

Data from blockchain intelligence showed that the United States government transferred around $922 million worth of Bitcoin from wallets that held funds seized from a multi-billion-dollar exploit of cryptocurrency exchange Bitfinex in 2016. The transfer happened Wednesday, when the world's first decentralized cryptocurrency crossed the $60,000-mark for the first time in more than two years.

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