The US government has moved nearly $984,000 in cryptocurrency tied to Alameda Research and FTX, with the bulk of those funds — roughly $768,000 — sent to Coinbase Prime, according to blockchain monitoring firm Arkham Intelligence.
What happened
- Arkham’s on-chain data shows transfers totaling about $984,000 originating from wallets connected to seized Alameda/FTX assets.
- Approximately $768,000 of that amount was routed to Coinbase Prime, Coinbase’s institutional platform, while the remainder moved to other addresses tied to seized holdings.
- These transfers are part of ongoing asset-management activity as authorities process recovered cryptocurrency for the FTX bankruptcy and eventual creditor distributions. The FTX Estate remains the intended destination for recovered assets.
Bigger picture
- Arkham’s data also indicates the US government currently controls an on-chain crypto portfolio worth roughly $20.93 billion. That haul is dominated by about 328,354 BTC (≈$20.57 billion) and includes roughly 62,437 ETH (≈$103 million), plus holdings of USDT, WBNB, BNB, WBTC and other tokens from multiple enforcement actions.
- The recent $984K movement represents a small slice of the total but underscores active, ongoing management — custody moves, transfers and occasional liquidations — as part of broader recovery and distribution efforts tied to FTX and other enforcement cases.
Why it matters
- Routing seized crypto through institutional venues like Coinbase Prime signals how authorities are handling large-scale digital assets: using regulated custody and trading infrastructure to preserve value and prepare for liquidation or transfer to the FTX Estate.
- Blockchain transparency and platforms like Arkham continue to provide public visibility into these steps, offering creditors and the market real-time insight into the long-running recovery process.
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