In a significant move, the United States government has transferred a staggering amount of its seized bitcoin (BTC), totaling almost $920 million, from wallets linked to the infamous 2016 Bitfinex hack. This action comes amidst a remarkable surge in the value of bitcoin, with prices soaring to new heights.

US Government Transfers Seized Bitcoin

The U.S. government orchestrated the transfer of seized bitcoin from two wallets associated with the Bitfinex hack. According to reports from Arkham Intelligence, the transfers occurred in multiple transactions on February 28th, coinciding with bitcoin’s price breaching the $60,000 mark.

On February 28, the initial transfer of 1 BTC took place….

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