US Government May Return Seized Bitcoin to Bitfinex, Analyst Suggests
05.08.2024 22:00 1min. read Alexander Stefanov
A prominent on-chain analyst predicts that the US government might eventually return up to 100,000 seized Bitcoin to their original owners.
This follows former President Donald Trump’s recent statement at the Bitcoin2024 Conference, where he claimed his administration would retain all Bitcoin held by the US government.
According to Willy Woo, a well-known crypto analyst, Trump’s promise is unlikely to hold true.
Woo points out that a significant portion of the US government’s Bitcoin, specifically around 96,000 BTC, is linked to the 2016 Bitfinex hack.
He expects these funds to be returned to Bitfinex after legal proceedings, given that the stolen Bitcoin was recovered by the US Department of Justice.
Woo suggests that Bitfinex, along with its affiliate Tether, may pursue legal action to reclaim these assets. He also notes that such actions would likely be conducted discreetly, reflecting Bitfinex’s preference for staying out of the spotlight.
-
1
MicroStrategy Outperforms Major Companies with 1,113% Growth Since 2020
26.08.2024 8:00 1min. read -
2
PayPal and Crypto Bank Anchorage Launch PYUSD Rewards Program
24.08.2024 12:00 1min. read -
3
Crypto Lawyer John Deaton Wins Senate Primary, Will Challenge Elizabeth Warren
04.09.2024 10:00 1min. read -
4
Cardano Founder to Launch Decentralized Social Network in Brazil Following X Ban
01.09.2024 12:00 1min. read -
5
Fed Rate Cuts Could Crash Crypto Market, Warns Arthur Hayes
18.09.2024 15:00 1min. read
SEC Seeks Delay in Coinbase Case: What’s Behind the Four-Month Extension?
The SEC has sought a four-month extension in its investigation related to Coinbase, pushing the deadline to February 2024, just after the US presidential election.
Top German Bank to Launch Crypto Services with Boerse Stuttgart Digital
DZ Bank, Germany’s second-largest financial institution, has teamed up with Boerse Stuttgart Digital to offer cryptocurrency trading and custody services across its network of cooperative banks.
Cardano Founder to Meet Argentina’s President to Discuss Blockchain
Charles Hoskinson, founder of Cardano, will meet with Argentina’s President Javier Milei in October to discuss blockchain’s role in shaping future economies.
Binance Sees 40% Growth in Institutional Investors, CEO Predicts More to Come
Binance has seen a sharp rise in interest from institutional and corporate investors, with a 40% increase in participation this year, according to CEO Richard Teng.
-
1
MicroStrategy Outperforms Major Companies with 1,113% Growth Since 2020
26.08.2024 8:00 1min. read -
2
PayPal and Crypto Bank Anchorage Launch PYUSD Rewards Program
24.08.2024 12:00 1min. read -
3
Crypto Lawyer John Deaton Wins Senate Primary, Will Challenge Elizabeth Warren
04.09.2024 10:00 1min. read -
4
Cardano Founder to Launch Decentralized Social Network in Brazil Following X Ban
01.09.2024 12:00 1min. read -
5
Fed Rate Cuts Could Crash Crypto Market, Warns Arthur Hayes
18.09.2024 15:00 1min. read
