The United States government has moved a total of $922 million worth of Bitcoin (BTC) from two cryptocurrency wallets that hold the funds seized from Bitfinex in 2016. 

The BTC transfer happened on the same day when Bitcoin hit the $60,000 threshold yesterday, February 28. According to Arkham Intelligence data, the first test transfer shows 1 BTC amounting to $62,200 during the time of transfer. Then, another transfer was made shortly after worth 2,817 BTC equivalent to $172.4 million. The third transfer was worth 0.01 BTC equivalent to $613.35, and the fourth transfer was amounting to 12,267 BTC, equivalent to $748.46 million.

The U.S. government confiscated these funds way back in 2016 after Bitfinex was hacked for 119,754 BTC equivalent to over $4.5 billion at the time of hacking.

The seized Bitcoins were moved following Ilya Lichtenstein’s — a hacker who stole and laundered over $4.5 billion worth of BTC in 2016 from Bitfinex — appearance in Washington Court detailing how he organized one of the world’s largest Bitcoin heists. 

On February 7, Lichtenstein reportedly told the jury about having access to Bitfinex’s systems for several months while hacking individual accounts from other exchanges such as Kraken and Coinbase.

Lichtenstein along with his wife, Heather Morgan also known as Razzlekhan were arrested in February 2022. The couple was alleged by the US government for laundering $4.5 billion worth of hacked Bitcoin at the time which the government recovered $3.6 billion and is considered the largest financial seizure in history. On August 3 of the same year, the government was able to recover an additional $475 million worth of Bitcoin.

Meanwhile, Bitcoin (BTC) continues to soar high, currently trading at $62,570.58 showing a 5.95% increase in the last 24 hours. Total market capitalization also increased by 5.92% to $1.2 trillion.