US government moves 264 Bitcoin worth $23M to Coinbase in Bitfinex restitution

US government moves 264 Bitcoin worth $23M to Coinbase in Bitfinex restitution

The transfer of seized coins tied to the 2016 Bitfinex hack appears to be part of a court-ordered return to the exchange, not a market sale.

By John Chen

Oct. 6, 2026

The US government just shifted a chunk of its Bitcoin stash, and no, it doesn’t appear to be dumping it on the market. Roughly 264.8 Bitcoin, worth about $23 million, moved to Coinbase from a government wallet tied to the 2016 Bitfinex hack. The coins look less like a sale and more like a long-delay