According to Lookonchain and Arkham, 12,267 BTC—worth approximately $1.01 billion—have been withdrawn from U.S. government wallets. This is not the first large-scale transfer within a single day: in the previous 10 hours, the government had already moved another $566 million, including 4,632 BTC, 119 million USDT, and 750 WBTC.
According to reports, these coins are linked to funds seized following the 2016 hack of Bitfinex. By court order, these BTC must be returned to the exchange—in BTC, rather than being sold. On October 6, as part of this process, the government had already transferred about 265 BTC to Coinbase.
In total, the U.S. government holds approximately 328,000 BTC.
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