US Government Wallets Move Over $100 Million in Seized Crypto; No Sale Confirmed

Wallets linked to the US government moved hundreds of millions of dollars in seized crypto to Coinbase Prime this week, and no sale has been confirmed. Blockchain analytics firm Arkham traced 833.6 BTC, worth about $71.6 million, and roughly 40,285 BNB, worth $31.63 million, from wallets it labels as US government holdings to Coinbase Prime deposit addresses on Oct 7. The coins came from forfeited funds in the HashFlare fraud case and from seizures in the Bitfinex hack and Alameda Research cases, according to Arkham’s tracing as carried by several outlets. The totals grew as trackers caught up.