US Government Transfers $9.29 Million in Ethereum from FTX Seizure to Coinbase Prime
The US government has transferred approximately $9.29 million in Ethereum from seized crypto wallets connected to the collapsed exchange FTX and its affiliate Alameda Research to Coinbase Prime, a leading institutional trading platform.
Blockchain analytics firm Arkham Intelligence first detected the transaction, which involved moving roughly 4,820 ETH. The transfer alert noted, ‘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?’
This deposit adds to previous government sales of confiscated digital assets recovered from the failed exchange, as part of the ongoing liquidation of assets seized during FTX’s bankruptcy proceedings.