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The U.S. government transferred $288 million in seized BTC and ETH to Coinbase Prime
Svmuu News: The on-chain tracking platform Arkham shows that on Monday, the U.S. government transferred seized BTC and ETH with a total value of $288.33 million to Coinbase Prime. This included approximately 3,800 BTC, worth $235 million, and approximately 30,000 ETH,worth $53 million. These assets stem from criminal cases involving Brian Krewson, BTC-e, and Ryan Farace, among others. Tim Sun, a senior researcher at HashKey, noted that CoinbasePrime serves as a custodian for the U.S. government, and it remains unclear whether this transfer is in preparation for a sale or is merely for the consolidation and custody of seized assets.Arkham’s tracking shows that the U.S. government’s wallet still holds $20.6 billion in crypto assets, including 324,552 BTC. (Decrypt).
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