According to the source, a Nov 16, 2025 social post claims Heather Morgan (Razzlekhan), tied to laundering BTC from the 2016 Bitfinex hack, is set to release new music; this entertainment update does not alter custody of seized coins or market structure on its own. Source: social media post dated Nov 16, 2025. For market context, the U.S. Department of Justice seized about 94,000 BTC linked to the Bitfinex hack in 2022 and retains control of those assets, meaning any potential disposals would be executed by authorities, not defendants. Source: U.S. Department of Justice press release dated Feb 8, 2022. Both Heather Morgan and Ilya Lichtenstein pleaded guilty in Aug 2023 with forfeiture obligations covering seized crypto, indicating that liquidation decisions, if any, flow through government processes rather than personal actions or publicity. Source: U.S. Department of Justice news release dated Aug 3, 2023. There is no DOJ notice in those materials of scheduled BTC disposals tied specifically to the Bitfinex seizure, implying no immediate supply impact signaled by this update alone. Source: U.S. Department of Justice press releases dated Feb 8, 2022 and Aug 3, 2023.

According to the source, Mt. Gox creditors have begun to receive repayments more than a decade after the 2014 hack, while the court-appointed trustee has warned that further distributions will be staged and may face additional processing delays, impacting timing for asset crediting to recipients (source: Mt.Gox Rehabilitation Trustee notices, 2024–2025). The Rehabilitation Trustee, Nobuaki Kobayashi, has confirmed that repayments include in-kind distributions of BTC and BCH via designated cryptocurrency exchanges and cash through financial institutions under the court-approved rehabilitation plan (source: Mt.Gox Rehabilitation Trustee; Tokyo District Court-approved Rehabilitation Plan, 2021). The estate’s assets earmarked for distribution are approximately 142,000 BTC and around 143,000 BCH along with Japanese yen cash, implying a material potential increase in available supply to creditors once assets are credited (source: Mt.Gox Rehabilitation Trustee asset disclosures). Crypto repayments to certain exchange accounts began in 2024, with timing dependent on exchange readiness, creditor identity verification, and security procedures, resulting in staggered settlement windows across venues (source: Mt.Gox Rehabilitation Trustee updates, July 2024 onward). For trading, key watchpoints include trustee wallet movements to exchange addresses, exchange-specific crediting announcements to creditors, and derivatives signals such as spot-to-perpetual basis shifts and short-dated implied volatility changes around distribution windows (source: Arkham Intelligence wallet monitoring methodologies; Kaiko derivatives market structure research). Market data providers have documented that large wallet transfers can coincide with elevated intraday volatility and thinner order book liquidity, making risk management around potential inflow days important for BTC and BCH exposure (source: Kaiko market data analyses; exchange order book data).

According to the source, U.S. asset forfeiture statutes require seized cryptocurrency to be liquidated with proceeds deposited into the Department of Justice Assets Forfeiture Fund or the Treasury Forfeiture Fund, not retained as a national reserve, as set out in 28 U.S.C. § 524(c) and 31 U.S.C. § 9703 and summarized by the Congressional Research Service. The U.S. Marshals Service oversees custody and disposal of forfeited digital assets via auctions and contracted service providers, per U.S. Marshals Service guidance and federal procurement records on SAM.gov. The Department of Justice has previously executed staggered BTC disposals, including selling 9,861 BTC from the Silk Road case on March 14, 2023 with additional tranches planned, according to a DOJ court filing in United States v. Zhong filed March 31, 2023 in the Southern District of New York. Traders should monitor on-chain transfers from U.S. government labeled wallets and official disposal announcements for potential supply events, as evidenced by Arkham Intelligence labeling of U.S. government BTC addresses and prior U.S. Marshals Service auction notices.

According to Lookonchain, one of LuBian's wallets identified as 39DUz transferred all 9,757 BTC (about $1.1B) to new wallets after roughly three years of inactivity, source: Lookonchain and Arkham Intelligence on-chain address 39DUz1NCkLu25GczWiAjjgZBu4mUjKbdNA. The move came a day after Lookonchain reported that the U.S. government is seeking to forfeit 127,271 BTC (about $14.4B) tied to LuBian, source: Lookonchain. The 9,757 BTC moved equals approximately 7.7% of the 127,271 BTC referenced, which helps size potential supply overhang risk if any coins later flow to exchanges, source: Lookonchain data and calculation. Traders are monitoring whether these new wallets route funds to exchange-labeled addresses via Arkham Intelligence tags and exchange inflow dashboards from CryptoQuant to assess potential sell pressure, source: Arkham Intelligence and CryptoQuant.