Police said he was detained in the north Belfast area on Saturday morning.
Mr Moffett, a former loyalist prisoner, was shot dead by two masked gunmen on the Shankill Road in May last year.
The International Monitoring Commission said the killing was sanctioned by the UVF. A number of people have been arrested but no-one has been charged.
The leader of the UVF-linked Progressive Unionist Party, Dawn Purvis, resigned from the party in protest at the murder.
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