US Government Bitcoin Seized from Bitfinex Hack Sparks Buzz

Muskan Sharma
Muskan Sharma
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US Govt BTC was Seized from the Bitfinex Hackers

US Government Bitcoin Holdings Clarified Amid Sell-Off Rumors

Over the years, the US Govt. has quietly built up one of the largest BTC holdings in the world. The biggest chunk came recently $13.65 billion worth of Bitcoin was seized from the Bitfinex hackers. 

Before that, $8.26 billion was taken from ‘Individual X’ connected to the Silk Road case in 2020, and another $1.17 billion from James Zhong, a known Silk Road hacker.

Source: Wu Blockchain

These massive seizures show just how much US Government Bitcoin is sitting untouched in official wallets, collected over years through law enforcement and criminal investigations.

198,000 BTC Still in Government Wallets

According to data from Arkham Intelligence, the US Govt. currently holds at least 198,000 of this digital asset, worth about $23.5 billion. These coins are stored in wallets run by different departments, like the FBI, DOJ, DEA, and the US Marshals Service. 

Muskan Sharma

About the Author Muskan Sharma

English News Writer at coingabbar.com

Muskan Sharma is a crypto journalist with 3 years of experience in industry research, finance analysis, and content creation. Skilled in crafting insightful blogs, news articles, and SEO-optimized content. Passionate about delivering accurate, engaging, and timely insights into the evolving crypto landscape. As a crypto journalist at Coin Gabbar, I research and analyze market trends, write news articles, create SEO-optimized content, and deliver accurate, engaging insights on cryptocurrency developments, regulations, and emerging technologies.

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1 year ago

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Jamez DC

11 months ago

Good

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