U.S. Government-Linked Wallet Moves 2.438 Bitcoin to Coinbase Prime Deposit

On-chain data indicates a wallet linked to previously seized assets sent about $177,400 in Bitcoin to Coinbase Prime (institutional trading platform) in two transactions roughly two hours ago.

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Terms & Concepts
  • On-chain data: Blockchain transaction records that can be publicly tracked and analyzed in real time.
  • Coinbase Prime: An institutional crypto platform offering custody, trading, and related services for large clients.
  • Seized assets: Funds taken into government control through law enforcement or legal proceedings.