📰 Table Of Contents
Government-Linked Bitcoin Wallets Activity
Bitcoin wallets associated with the United States government have witnessed significant activity, with $922 million worth of assets moved following a surge in the asset’s price to $60,000. The transactions, totaling 15,085 BTC, occurred as bullish momentum continued.
Details of the Transactions
- On Feb 28, accounts linked to the government conducted four transactions.
- The first transfer involved 1 BTC valued at $60,000.
- This was followed by a second transfer of 2,817 BTC, worth approximately $172 million.
- The final two transactions amounted to 0.01 BTC and 12.267 BTC, totaling $748 million.
Stolen Bitcoin Value Surges
Bitcoin worth over $7 billion, originally stolen from Bitfinex in 2016, has seen a significant increase in value amidst the recent price surge. This stolen amount, approximately 119,755 BTC, has now reached a valuation of over $7 billion.
Edward Snowden’s Prediction
Renowned technology specialist Edward Snowden made an intriguing prediction regarding government involvement with Bitcoin. He referred to Bitcoin as “the modern replacement for monetary gold” and forecasted that a national government’s Bitcoin purchases would be revealed this year.
Legal Actions Post-Bitfinex Hack
Following the Bitfinex hack, legal actions were taken against IIya Lichtenstein, the suspected individual behind the theft. The United States Department of Justice confirmed his possession of about 95,000 BTC after seizures in 2023.
Lichtenstein’s Court Appearance
A recent Bloomberg report highlighted Lichtenstein’s court appearance, where he disclosed using Bitcoin Fog for laundering assets. The defendant’s involvement in the 2016 incident, along with allegations of a conspiracy to launder billions of dollars, has drawn significant attention.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
