The U.S. government moves $606,000 in bitcoin linked to the 2016 Bitfinex hack to Coinbase
By Omkar Godbole
Published on April 17, 2026.
The U.S. government has moved approximately $606,000 worth of bitcoin BTC $ 74,681.25 to Coinbase Prime, indicating that the transferred 8 BTC are linked to Ilya Lichtenstein, the man behind the decade-old hack of Bitfinex. The stolen coins have a court-mandated destination, not the U.,S. Treasury. Federal proceedings have settled the in-kind restitution of the seized assets, requiring the government to return them rather than liquidate them. The returned funds will be used to redeem all outstanding Recovery Right Tokens for customers who lost their losses in the hack.
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