The U.S. government just transferred $606K worth of Bitcoin (8 BTC) linked to the 2016 Bitfinex hack — straight to Coinbase Prime.

Sounds bearish? Not so fast 👇

⚠️ This is NOT a sell signal (for now)

The BTC is legally required to be returned to Bitfinex

Not sent to the U.S. Treasury for liquidation

📊 What happens next:

Bitfinex will repay users (Recovery Right Tokens)

At least 80% of remaining funds → used to BUY & BURN LEO token

💡 Why this matters:

• No immediate dump pressure on BTC

• Possible bullish impact on LEO token

• Shows government still actively moving crypto funds

🔥 Quick context:

The 2016 hack stole 119,756 BTC (now worth billions).

📉 Bottom line:

This move looks big… but it’s more about restitution than selling.