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Morning Edition · Friday, October 9, 2026Published at 1:49 AM EDT · New York
US Government Moves $1 Billion in Bitfinex-Hack Bitcoin to Unlabeled Wallets With No Sign of a Sale
The 12,267 bitcoin transfer came a day after $383 million reached Coinbase Prime, and it tests whether a 2025 order to hold seized bitcoin in a strategic reserve governs what agencies do with the coins.
A wallet controlled by the US government moved 12,267 bitcoin on October 8, worth about $1 billion, according to Arkham data cited by CoinDesk. The coins went to two unlabeled addresses, not to an exchange. The day before, $383 million in c…
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States Turn Crypto Rails Into Sanctions Instruments
Governments increasingly track, freeze, and seize on-chain assets to enforce sanctions, turning traceable ledgers and centrally controlled stablecoins into extensions of financial statecraft rather than escapes from it.
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