The U.S. Marshals Service has moved 8.2 Bitcoin worth about $606K to Coinbase Prime. The funds are tied to the 2016 Bitfinex hack and the conviction of Ilya Lichtenstein. Authorities have used Coinbase for custody since 2024, and blockchain data confirmed the government wallets involved. There is no confirmation of a sale, and officials still hold more than 200K Bitcoin. The market viewed the transfer as routine management, with Bitcoin steady near $75000.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
