The U.S. government transferred about $288 million in seized crypto assets to Coinbase Prime on July 14, according to CoinDesk, citing on-chain data from Arkham Intelligence. The transfer included 3,800.714 BTC and 30,007 ETH. Arkham’s data shows the BTC moved through an intermediary wallet before reaching Coinbase Prime, while the ETH was sent directly to a Coinbase Prime deposit address. The assets came from several separate cases. The bitcoin was linked to the Ryan Farace, or “xanaxman,” case and the defunct BTC-e exchange, while the ether was tied to the Brian Krewson case involving Christopher Castelluzzo and Luke Atwell. CoinDesk noted that a transfer to Coinbase Prime can be read in more than one way: exchange inflows are often seen as a sign of a pending sale, but Coinbase Prime also offers custody, financing, and staging services. U.S. Marshals Service and the Department of Justice had not issued statements at the time cited in the report. That leaves the move as a confirmed wallet transfer, but not proof of an imminent sale.

ChainCatcher reported that, according to monitoring by Galaxy’s head of research, the token transfers in question were made up of assets from two sources. One portion came from tokens seized from Ryan Farace, also identified as “xanaxman.” The other portion came from tokens tied to the now-shuttered crypto exchange BTC-e. The brief did not provide details on the token names, the amount transferred, or the overall size of the movement. No additional timeline or on-chain breakdown was included in the source text.