US Government Moves 264 Bitcoin From Bitfinex Hack to Coinbase
- —264.863 BTC worth about $22.87 million sent to Coinbase
- —About 94,636 of the 119,754 BTC stolen in 2016 were recovered
- —80% of net proceeds pledged to LEO buyback and burn
- —LEO trades at $8.90, up 0.41% over seven days
Why it matters: The reflow triggers LEO's buyback mechanism, but the final burn size depends on Recovery Right Token redemptions and legal costs.
Source: CryptoTicker