A prominent on-chain analyst predicts that the U.S. government may eventually return up to $100,000,000 worth of confiscated BTC to its original owners. This follows a recent statement made by former President Trump at a Bitcoin conference in Nashville, where he asserted that his administration would retain all Bitcoin held by the U.S. government.
According to renowned cryptocurrency analyst Willy Wu, Trump’s promise is unlikely to be realized. He pointed out that a significant portion of the approximately 96,000 BTC held by the U.S. government is related to the 2016 Bitfinex hack.
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Given that the U.S. Department of Justice has recovered the stolen Bitcoin, he anticipates that these funds will be returned to the company following legal proceedings. Wu suggested that Bitfinex and its affiliate Tether may take legal action to reclaim these assets. He also noted that such actions might be approached cautiously, reflecting the company’s tendency to stay out of the spotlight.
