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US government moves $984,000 in seized FTX, Alameda assets to Coinbase


US government moves $984,000 in seized FTX, Alameda assets to Coinbase

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The U.S. government liquidated $216,000 of cryptocurrencies seized from FTX/Alameda on June 10 as part of roughly $984,000 in crypto transfers that day, according to Onchain Lens. The moves follow a months-long pattern of funneling millions in forfeited crypto into centralized exchanges, creating continued sell pressure and regulatory-driven market risk for crypto, CEXes and token holders.

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The U.S. government liquidated $216,000 of cryptocurrencies taken from FTX/Alameda on June 10, adding to roughly $984,000 of crypto asset transfers that day, according to the Onchain Lens blockchain monitor. The transfers continue a months-long pattern in which the U.S. government has funneled millions in forfeited crypto into exchanges. The U.S. government keeps sending seized...
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