The US government has moved millions in Ethereum from seized crypto wallets tied to a major exchange collapse straight into a leading institutional trading platform.
Officials transferred roughly 4,820 ETH worth about $9.29 million at time of publishing, from FTX and Alameda Research-linked addresses to Coinbase Prime.
The blockchain analytics firm Arkham Intelligence first spotted the transaction.
“ALERT: The US Government has just moved another $9M ETH seized from FTX/Alameda.
The US Government just deposited $9.29M ETH to Coinbase Prime. Will they be selling this, or returning it to creditors?”
The deposit adds to previous government sales of confiscated digital assets recovered from the failed exchange amid the continued liquidation of assets seized from FTX bankruptcy proceedings.
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