A wallet associated with cryptocurrency seized by the US government transferred more than 12,267 Bitcoin (BTC), worth more than $1 billion at the time of publication, according to blockchain data from Wednesday. The transfer came hours after similar transfers from the government totaling $770 million in BTC to a Coinbase Prime wallet.
US government-linked wallet moves more than 12,267 Bitcoin after $770 million transfer, blockchain data shows
A wallet associated with cryptocurrency seized by the US government transferred more than 12,267 Bitcoin (BTC), worth more than $1 billion at the time of publication, according to blockchain data from Wednesday. The transfer came hours after similar transfers from the government totaling $770 million in BTC to a Coinbase Prime wallet.
Arkham Research linked the wallet that moved the Bitcoin to the recovery of funds from the 2016 Bitfinex hack, in which hackers stole 119,756 BTC.
The identity of the owner of the recipient address was unknown at the time of publication. Cointelegraph said it reached out to the US Marshals and the Department of Justice for comment on the Coinbase Prime transfers and did not receive an immediate response.
Estimates cited in the report suggest the US government held 328,372 BTC as of 2026, resulting from seized assets in criminal cases and investigations.
US President Donald Trump signed an executive order in March 2025 establishing a strategic Bitcoin and crypto reserve. The report states that lawmakers are still attempting to codify the order into law.
- The source does not state whether the US government, the US Marshals Service, or the Department of Justice confirmed the transfers.
- The source does not state the date of the transfers beyond describing them as occurring on Wednesday.
- The source does not identify who produced the estimate that the US government held 328,372 BTC as of 2026.
- The source does not state what the 'another major transaction involving seized cryptocurrency' described in its opening sentence consisted of.
- The source does not state the value of the transferred Bitcoin at any time other than the time of publication.
- The source describes the timing of the two transfers in its opening sentence and its second paragraph in terms that are not fully consistent, and does not reconcile them.
Read the original at Cointelegraph