• The wallets that contained bitcoins were seized by U.S. authorities in the Bitfinex hack, which led to the guilty pleas of Heather “Razzlekhan Morgan” and Ilya Liechtenstein.
  • In less than two hours, four transactions have transferred nearly $1 billion from wallets that were tagged to unidentified address.
  • The U.S. Government did not immediately respond to CoinDesk’s request for comments.

Two crypto wallets that were tagged by the U.S. Government as holding funds related to the infamous Bitfinex Hack have transferred almost $1 billion in bitcoin to unidentified address.

Around 18:39 UTC (1.39 pm ET), a Wallet, one of three identified by Arkham Intelligence, as having seized Bitfinex hacker money, transferred a BTC. About a half-hour after the initial transfer, the remaining 2 817 BTC were sent. The wallet was now empty. They represented $173 million in bitcoin.

Screenshot of one of the U.S. Government wallets that held seized Bitfinex hackers funds, transferring the entire bitcoin balance out in two transactions. (Arkham Intelligence)

Arkham reports that shortly thereafter, another wallet containing approximately 12,300 BTC transferred 0.01 BTC into a different address and soon after, the remaining BTC was sent. These transfers, which totalled about $750,000,000, brought the value of bitcoins transferred between the two wallets up to $923,000,000, based on current prices of the leading cryptocurrency.

The motivation for the transfers was not clear. The U.S. Justice Department did not immediately respond to media requests sent through a website.

Bitcoin moved in a volatile trading day. Its price hit $60,000 for a first time since Nov 2021. Then it climbed above $64,000, before abruptly plummeting to just over $59,000. At the time of publication, it was trading just above $60,000. The highest price ever set was about $69,000 in late 2021.

Arkham claims that there is an additional U.S. Government wallet which contains about 94.600 BTC in seized Bitfinex hackers funds. This amount would be worth approximately $5.79 billion if the current exchange rate were to apply.

The Bitfinex hack is one of the most infamous heists in the crypto industry, thanks to Heather “Razzlekhan Morgan”‘s colorful social media posts. Morgan was also charged with Ilya Lightenstein.

According to a press release from the Justice Department in August, the government confiscated about 95,000 bitcoins stolen from crypto wallets under the control of the defendants, which were valued at about $3.6 billion.