Bitcoin News tracked a transfer of 833.6 BTC, valued at $71.6 million, from a wallet labeled as belonging to the United States to a Coinbase Prime deposit address. Arkham data linked 568.7 BTC in the transfer to seized HashFlare assets and another 264.9 BTC to funds tied to the Bitfinex hack. The report also said that sending coins to a Prime deposit address does not confirm a sale. Coinbase provides custody services for cryptocurrencies held by government entities, and a similar transfer worth $288 million has occurred before. The movement has drawn attention because of the addresses involved, but the available on-chain data in this report does not show a confirmed disposal of the BTC.
Bitcoin News tracked a transfer of 833.6 BTC, worth $71.6 million, from a wallet labeled as belonging to the United States to a Coinbase Prime deposit address.
Arkham data showed that 568.7 BTC in the transfer was tied to seized HashFlare assets, while 264.9 BTC was linked to funds from the Bitfinex hack.
The report said a transfer to a Prime deposit address does not mean a sale has been confirmed. Coinbase also provides custody services for cryptocurrencies held by governments, and a similar transfer worth $288 million has taken place before.
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