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US Government Transfers $1.01 Billion in Bitcoin from Bitfinex Hack Wallet

US Government Transfers $1.01 Billion in Bitcoin from Bitfinex Hack Wallet

First seen 8 Oct 2026, 18:37 UTC • •
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ThreatCluster AI
ThreatCluster •October 8, 2026 at 20:34 UTC
  • •U.S. government transferred 12,267 BTC from Bitfinex hack wallet to new addresses.
  • •No exchanges were involved in the transfer, indicating a custody strategy.
  • •Total government-held Bitcoin from the Bitfinex hack exceeds 94,000 BTC.

On October 8, 2026, the U.S. government moved 12,267 BTC, valued at approximately $1.01 billion, from a wallet associated with the 2016 Bitfinex hack to new, unlabeled addresses. The transfer did not involve any exchanges, indicating a strategy of custody management rather than liquidation. This follows a prior transfer of about 3,200 BTC and $119 million in USDT to Coinbase Prime from wallets linked to Bitfinex and FTX. The U.S. government currently holds an estimated 94,000+ BTC from the Bitfinex hack, with total digital asset holdings around $25.5 billion. A March 2025 executive order mandates that forfeited Bitcoin be placed into a Strategic Bitcoin Reserve instead of being sold. The current status suggests ongoing management of these assets without immediate plans for sale.

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Timeline

2026-10-07
Funds sent to Coinbase Prime
Approximately 3,200 BTC and $119 million in USDT were transferred to Coinbase Prime from wallets linked to Bitfinex and FTX.
Coindesk
2026-10-08
US government transfers Bitcoin
12,267 BTC valued at $1.01 billion moved to new, unlabeled addresses from a seized Bitfinex hack wallet.
Coindesk

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Common questions

What was the purpose of the transfer?
The transfer appears to be part of a custody management strategy for the U.S. government's Strategic Bitcoin Reserve.
Is there any indication of a sale of the Bitcoin?
No, the transfer did not involve exchanges, suggesting no immediate plans for sale.
How much Bitcoin does the government currently hold?
The U.S. government holds an estimated 94,000+ BTC linked to the Bitfinex hack.