US Government Transfers Over $100 Million in Seized Bitcoin and BNB to Wallets

Wallets tied to the U.S. government transferred over $100 million in seized cryptocurrency, including approximately 833.6 Bitcoin worth $71.6 million and 40,285 BNB worth $31.63 million. The Bitcoin was deposited into Coinbase Prime, while the BNB moved to an unlabeled address. The Bitcoin transfers initially began with 264.863 BTC linked to the 2016 Bitfinex hack before expanding to include 568.7 BTC from the Potapenko-Turogin fraud case. Market commentators noted that the transfers do not confirm open-market sales, citing court-ordered Bitfinex restitution and policies regarding strategic reserves.