US Government May Return Seized Bitcoin to Bitfinex, Analyst Suggests
05.08.2024 22:00 1 min. 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
South Korean Stores Begin CBDC Payment Trials with Special Discounts
03.04.2025 9:00 2 min. read -
2
Binance Futures Expands with New Trading Pairs and Increased Leverage Options
31.03.2025 19:00 1 min. read -
3
JPMorgan Predicts This Index Could Outperform S&P 500
06.04.2025 15:33 2 min. read -
4
Magic Eden Acquires Slingshot to Launch Cross-Chain Trading Platform
10.04.2025 20:00 2 min. read -
5
U.S. Dollar at Risk? New York AG Urges Congress to Rein in Crypto
11.04.2025 17:00 2 min. read
Bitcoin ETF Demand Stays Strong With Five-Day Inflow Streak
U.S. spot Bitcoin exchange-traded funds (ETFs) continued their strong run on Thursday, logging a fifth consecutive day of net inflows as institutional interest in regulated BTC products remained firm.
Bitcoin Outpaces Stocks, But Recession Threat Looms Ahead, According to strategist Mike McGlone
According to Bloomberg’s senior commodity strategist Mike McGlone, Bitcoin (BTC) has outshined the S&P 500 so far in 2025.
Bitcoin Consolidates at $90,000 as Analyst Sees Path to New Highs
Bitcoin (BTC) is currently consolidating within the $93,500–$95,250 range, according to crypto analyst Michaël van de Poppe, who views the current price movement as part of a broader uptrend.
Strike CEO Gives His Bitcoin Price Prediction Amid Central Bank Failures
His prediction is rooted in growing instability across traditional financial systems and what he believes is the emergence of the most powerful bull market in history.
-
1
South Korean Stores Begin CBDC Payment Trials with Special Discounts
03.04.2025 9:00 2 min. read -
2
Binance Futures Expands with New Trading Pairs and Increased Leverage Options
31.03.2025 19:00 1 min. read -
3
JPMorgan Predicts This Index Could Outperform S&P 500
06.04.2025 15:33 2 min. read -
4
Magic Eden Acquires Slingshot to Launch Cross-Chain Trading Platform
10.04.2025 20:00 2 min. read -
5
U.S. Dollar at Risk? New York AG Urges Congress to Rein in Crypto
11.04.2025 17:00 2 min. read
