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

Key Summary

The US government has transferred 264.863 Bitcoin worth $22.87 million to Coinbase from a government wallet tied to the 2016 Bitfinex hack, in a move that appears to be a long-delayed homecoming rather than a sale. The transfer is part of a larger holding of over 328,000 BTC, and follows a 2025 federal court ruling that required the seized Bitcoin to be returned to Bitfinex in-kind as restitution.