Svmuu News: Vetle Lunde, Head of Research at K33, stated that the current valuation of the Bitfinex platform token, LEO Token, is significantly inflated, which may reflect the market betting on progress in the legal proceedings regarding the Bitcoin seized during the 2016 hacking incident.Lunde pointed out that the U.S. government established the “Strategic Bitcoin Reserve” in 2025 to consolidate Bitcoin seized and forfeited during law enforcement operations. It is currently estimated to hold approximately 328,372 BTC,of which approximately 94,636 BTC are related to the 2016 Bitfinex hack, accounting for about 30% of the total reserve. However, these assets remain subject to legal proceedings and may eventually be returned to victims in kind rather than retained as sovereign assets.It is reported that the court has previously hinted at the possibility of “returning the assets in their original form” to victims; however, the assets remain frozen until a distribution plan is finalized in the ancillary forfeiture proceedings. (The Block)