CoinDesk

US Government Moves $606,000 in Bitcoin Linked to 2016 Bitfinex Hack to Coinbase

The US government has transferred $606,000 in bitcoin, seized in connection with the 2016 Bitfinex hack, to Coinbase. Bitfinex intends to use these recovered funds to redeem Recovery Right Tokens and allocate at least 80% of the remaining proceeds to repurchasing and burning its UNUS SED LEO token.

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