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US Government Moves More Seized FTX Crypto After $288M Transfer 


US Government Moves More Seized FTX Crypto After $288M Transfer 

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On July 15 the U.S. government emptied a seized FTX/Alameda wallet, distributing roughly $540,000 in crypto across eight new addresses, including 209.18 ETH, 0.533 WBTC, 1,230 COMP and 5.37 YFI. The move followed a $288.33 million transfer of Bitcoin and Ether to Coinbase Prime a day earlier, underscoring on-chain transparency, CEX liquidity and security risks for crypto and DeFi markets while past Coinbase Prime transfers have not always led to immediate sales.

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  • The U.S. government emptied a seized FTX wallet, distributing about $540K in crypto across eight new addresses.
  • The transfers came a day after the government moved $288.3M in Bitcoin and Ether to Coinbase Prime.
  • Past government crypto transfers to Coinbase Prime have not always resulted in asset sales.

The U.S. government has moved another batch of seized cryptocurrency, emptying a wallet linked to the collapsed FTX exchange and Alameda Research just one day after transferring nearly $288.33 million worth of Bitcoin and Ether to Coinbase Prime.

According to on-chain monitoring platform Onchain Lens, a government-controlled wallet holding seized FTX and Alameda assets was emptied on July 15, with its holdings distributed across eight new addresses. 

The transfers included 209.18 ETH, 0.533 Wrapped Bitcoin (WBTC), 1,230 Compound (COMP), 5.37 yearn.finance (YFI), 4…

Read The Full Article US Government Moves More Seized FTX Crypto After $288M Transfer  On Coin Edition.

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Coins

$ 64.40K

-1.05%

$ 1.88K

-2.23%

$ 64.44K

-1.02%

$ 17.44

+3.30%

$ 2.15K

+1.54%

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