US Govt Moves $244M in Bitcoin to Coinbase: Did Trump Break His Promise?
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Arkham Intelligence data shows wallets linked to the US government moved almost $300 million in bitcoin and ether to Coinbase Prime, prompting concerns Washington may be preparing to sell part of its large BTC stash despite prior pledges. The bitcoin originated from seizures tied to dark-web dealer Ryan Farace and the defunct BTC-e exchange while the ETH is linked to Brian Krewson's alleged custody and money-laundering scheme, creating short-term market and CEX selling risk for crypto prices.
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According to data coming from Arkham Intelligence, wallets linked to the United States government have moved almost $300 million in bitcoin and ether to Coinbase Prime, reigniting concerns that Washington could be preparing to sell part of its massive BTC stash despite Trump’s previous pledge.
The report noted that the moved bitcoin originated from assets seized in cases connected to convicted dark-web dealer Ryan Farace and the defunct BTC-e exchange. The ETH was linked to Brian Krewson, who was implicated in a crypto custody and money-laundering scheme.
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In This News
Coins
$ 62.77K
-0.20%$ 1.80K
+0.84%$ 0.00187
+1.16%$ 1.79K
+0.91%Predictions Markets
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