U.S. Government Moves $4.56 Million in Seized FTX Alameda Crypto to Coinbase

The U.S. government transferred about $4.56 million in seized crypto linked to FTX Alameda to Coinbase, according to blockchain tracker OnchainLens. The assets included roughly $1.9 million in tokens and $2.656 million in DAI (a U.S. dollar-pegged stablecoin). The token basket included UNI, RNDR, SAND, MASK, AXS, and APE. Such transfers are typically watched closely by the market because movements from government-controlled wallets to an exchange can indicate custody management, consolidation, or preparation for liquidation, although the source text does not state the purpose of this transfer.

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