--- title: "US government-linked wallet moves about $1 billion in Bitcoin from Bitfinex hack" description: "A wallet linked to the US government moved about $1 billion in Bitcoin seized from the Bitfinex hack, Bitcoin Magazine reported. Arkham Intelligence CEO Miguel Morel said the transaction trail does not show whether the coins are being sold or transferred to a new custodian, and that disposal orders…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-arkham-ceo-1-billion-u-afc6b6cb3e98e5" published: 2026-10-22T13:38:59.000Z updated: 2026-10-22T15:33:10.000Z indexable: false --- # US government-linked wallet moves about $1 billion in Bitcoin from Bitfinex hack A wallet linked to the US government moved about $1 billion in Bitcoin seized from the Bitfinex hack, Bitcoin Magazine reported. Arkham Intelligence CEO Miguel Morel said the transaction trail does not show whether the coins are being sold or transferred to a new custodian, and that disposal orders… Attributed sources: [Bitcoin Magazine]() ## Key facts A wallet linked to the US government moved about $1 billion in Bitcoin seized from the Bitfinex hack, Bitcoin Magazine reported. Arkham Intelligence CEO Miguel Morel said the transaction trail does not show whether the coins are being sold or transferred to a new custodian, and that disposal orders and the Strategic Bitcoin Reserve are factors. Evidence strength: Single source, 1 publisher group(s) (Bitcoin Magazine); this describes source coverage, not truth or causation. After site detection, observed returns were 5 minutes: +0.11% (22/10/2026, 13:38 → 22/10/2026, 13:43, UTC; Gate · USDT); 1 hour: +0.12% (22/10/2026, 13:38 → 22/10/2026, 14:38, UTC; Gate · USDT). Unlisted windows are unavailable. In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff 22/10/2026, 13:38, UTC). This hourly baseline is not directly comparable with a minute move. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.11% | +0.11% | 0.00 pp | 22/10/2026, 13:38 → 22/10/2026, 13:43 | Gate · USDT | | 1 hour | +0.12% | +0.12% | 0.00 pp | 22/10/2026, 13:38 → 22/10/2026, 14:38 | Gate · USDT | | 24 hours | — | — | — | — | — | ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | true | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.15% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / 22/10/2026, 13:38 | ## Claims and open questions - Bitcoin Magazine reported that a US government-linked wallet moved about $1 billion in Bitcoin from the Bitfinex hack. - Arkham Intelligence CEO Miguel Morel said it is still unclear whether the coins are being sold or moved to a new custodian. - Morel said disposal orders and the Strategic Bitcoin Reserve are factors in how the coins may be handled. - Does the transaction represent a sale, or a transfer to a new custodian? An official statement from the US government or a follow-on on-chain transfer would clarify it. - Which agency controls the wallet and under what disposal authority the coins were moved? A court filing or Treasury or Justice Department notice would confirm it. ## Source evidence - [Arkham CEO on $1 Billion of U.S. Government Bitcoin Moved to “Unknown” Wallet]() — Bitcoin Magazine; published 22/10/2026, 13:38; received 22/10/2026, 13:38 (UTC). ## Recent BTC events and market reactions - [Chinese court accepts prosecutors' bid to confiscate Bitcoin seized in UK]() — Published 22/10/2026, 06:24 (UTC) · Multiple publishers (3 publishers) · General news · 5m -0.02% / 1h -0.41% / 24h -0.94% - [US spot Bitcoin ETFs take in about $1.07 billion over three sessions]() — Published 22/10/2026, 04:41 (UTC) · Multiple publishers (3 publishers) · Market watch · 5m +0.05% / 1h +0.07% / 24h -1.31% - [Bitcoin slips below $82K after Tesla and Meta results unsettle tech markets]() — Published 22/10/2026, 03:51 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.13% / 1h +0.04% / 24h -1.04% - [Bitcoin rises above $84,500 as SpaceX earnings lift tech stocks]() — Published 21/10/2026, 15:13 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.15% / 1h +0.25% - [SpaceX and Tesla boards weigh merger that would combine 30,221 bitcoin]() — Published 21/10/2026, 09:23 (UTC) · Multiple publishers (2 publishers) · General news · 5m +0.08% / 1h -0.21% / 24h -2.08% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() - [Bittensor (TAO): Bitcoin beta, volatility and the AI crypto narrative]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.