The US government has transferred nearly $984,000 in cryptocurrency linked to Alameda Research and FTX.
- The US transferred nearly $984K in seized FTX and Alameda-linked crypto.
- About $768K of the funds moved to Coinbase Prime, according to Arkham data.
- Arkham data shows US government crypto holdings total about $20.93B.
Blockchain data shows that most of the funds moved to Coinbase Prime as authorities continue managing seized assets. The transfers form part of ongoing efforts tied to the recovery and distribution process following the FTX collapse.
Coinbase Prime receives portion of seized FTX funds
Arkham Intelligence data showed movement from wallets connected to seized Alameda and FTX assets. The transfers totaled approximately $984,000 in cryptocurrency. Of that amount, about $768,000 moved to Coinbase Prime.
The transactions occurred as authorities continue overseeing digital assets recovered from the bankrupt exchange. The funds remain linked to broader bankruptcy and recovery proceedings. Current records point to the FTX Estate as the eventual destination of recovered assets.
Government agencies have gradually managed seized cryptocurrency through transfers and liquidation activity. These actions support efforts to return value to affected creditors. The latest movement represents a small portion of assets held under government control.
FTX recovery process continues through asset management
Authorities seized multiple cryptocurrency holdings connected to Alameda Research and FTX after the exchange collapsed. Since then, officials have managed those assets through established recovery procedures. The process includes custody, transfers, and liquidation when required.
The FTX Estate continues working to recover and distribute value to creditors. Recovered assets form a key part of that effort. Government-managed transfers help move seized holdings through the recovery framework.
Blockchain monitoring platforms continue tracking wallet activity connected to seized assets. Arkham Intelligence reported the latest transactions through publicly visible blockchain records. The transfers added another step in the long-running FTX recovery process.
Bitcoin remains the largest asset in government crypto holdings
According to Arkham data, the US government currently controls a cryptocurrency portfolio worth about $20.93 billion. Bitcoin accounts for the majority of those holdings. Government wallets hold approximately 328,354 BTC valued at around $20.57 billion.
The portfolio also includes roughly 62,437 ETH worth more than $103 million. Other holdings include USDT, WBNB, BNB, WBTC, and additional digital assets. These assets originate from separate enforcement actions and seizures.
Although the recent $984,000 transfer represents a small fraction of total holdings, it remains part of active asset management. Government agencies continue processing seized cryptocurrency tied to major enforcement cases. The latest movement highlights ongoing efforts connected to the FTX and Alameda recovery proceedings.
Credit: Source link
