- PeckShield Alert tweeted that the US government is behind the first-largest Bitcoin wallet.
- The wallet holds over $2.46 billion worth of Bitcoin, linked to the 2016 Bitfinex attack.
- The third-largest Bitcoin wallet is held by an investment platform Robinhood.
The US SEC is infamous for cracking down on major crypto exchanges including Binance and Coinbase, as well as fighting a three years-long lawsuit against Ripple, which has cost the company $200 million. However, crypto analytics platform PeckShield Alert’s investigation suggested that the US government might own the world’s fifth-largest Bitcoin wallet.
According to PeckShield, the fifth-largest BTC wallet holding 94,643 BTC worth nearly $2.46 billion, is directly connected to the Bitfinex Hack in 2016. Moreover, 567.5 BTC, worth about $21.88 million, was moved to the seizure address by 1CGA4s, on February 1, 2022.
In February 2022, PeckShield tweeted that the Department of Justice (DOJ) assumed control over the account 1CGA4srJbPWhtJb7ezgY6GQf4PKhFuzD9w and has confiscated $3.55 billion worth of Bitcoin associated with the Bitfinex hack. The DOJ’s account for this matter is bc1qazcm763858nkj2dj986etajv6wquslv8uxwczt. Approximately 120,000 Bitcoins were unlawfully taken in 2017, originally valued at $75 million, and now, six years later, their worth has surged to $3.6 billion.
Forbes published a report in June that highlighted the US Treasury holding 207,189 BTC valued at $5 billion, “by far the largest such state-owned hoard.” Additionally, Morgan Creek Capital investment advisor, Sachin Jaitly’s doctorial thesis revealed that the US owned 69,640 BTC, “94% of the bitcoin in global government coffers at the time.”
Meanwhile, wallet data from Arkham Intelligence disclosed that the trading platform Robinhood holds over $3 billion BTC collected in a single wallet gained over a number of months.
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