Arkham CEO: US moves $1 billion in Bitcoin from Bitfinex hack to unknown wallet

A wallet connected to the United States government recently transferred approximately $1 billion worth of Bitcoin originally seized from the Bitfinex hack, raising questions within the crypto community about whether the assets are being prepared for sale or transferred to a different custodian. Miguel Morel, CEO of Arkham Intelligence—a blockchain analytics firm specializing in labeling large crypto wallets—stated that it remains unclear whether these Bitcoin holdings are poised for sale or are merely being moved between wallets for security or custodial changes.