US government-linked wallets moved roughly $470 million in seized crypto on Wednesday, according to monitoring cited by Odaily. Arkham said the transfers included about 4,695 BTC as well as WBTC and USDT. On-chain analyst @TimechainIndex separately flagged the same batch of around 4,695 BTC, saying the bitcoin was split across four transactions. The assets are tied to seizure actions connected to the Bitfinex hack and to FTX/Alameda. Part of the funds was sent to a Coinbase Prime deposit address. The latest transfers came one day after the US government made an additional transfer to Coinbase Prime, the report said. Bitcoin News was cited as the monitoring source in the Odaily brief.
US government-linked wallets transferred about $470 million in seized crypto on Wednesday, according to monitoring cited by Odaily. Arkham said the transactions involved around 4,695 BTC, along with WBTC and USDT.
On-chain analyst @TimechainIndex separately identified the same batch of roughly 4,695 BTC and said the bitcoin was spread across four transactions.
The assets are tied to seizure actions related to the Bitfinex hack and FTX/Alameda. Part of the holdings has already been sent to a Coinbase Prime deposit address. The transfers took place after the US government made an additional transfer to Coinbase Prime a day earlier.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
