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.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post US Government Transfers $9,290,000 in Ethereum From FTX Seizure to Coinbase Prime appeared first on The Daily Hodl.
The US government deposited roughly 4,820 ETH worth about $9.29 million into Coinbase Prime from FTX and Alameda Research-linked wallets.
The post US Government Transfers $9,290,000 in Ethereum From FTX Seizure to Coinbase Prime appeared first on The Daily Hodl. Ethereum, coinbase, ETH, FTC, News, US government
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.