The U.S. government transferred $606,470 in Bitcoin to Coinbase Prime, according to Arkham data. The funds were seized from Ilya Lichtenstein, linked to the Bitfinex hack. It is unclear whether the Bitcoin will be sold. The transfer aligns with CFTC efforts to track and repurpose illicit assets. As Bitcoin ETF approval remains in the spotlight, government actions in crypto markets continue to be closely monitored.

Arkham monitoring shows that a U.S. government address has just transferred $6.0647 million worth of Bitcoin to Coinbase Prime. These Bitcoin were previously seized by the U.S. government from Ilya Lichtenstein, the hacker behind the Bitfinex breach. It is currently unclear whether this seized Bitcoin will be sold on Coinbase.