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U.S. government-linked FTX seizure wallet moves LINK to Coinbase Prime, other tokens elsewhere

U.S. government-linked FTX seizure wallet moves LINK to Coinbase Prime, other tokens elsewhere

On-chain data shows about $984,000 in seized FTX and Alameda tokens moved on June 10, including roughly $768,000 in LINK to Coinbase Prime, extending a months-long pattern of government-linked transfers.

BTC
ETH
USDT

Fact Check
The LINK transfer (98,589.87 LINK / ~$769K to Coinbase Prime) is directly corroborated by the originating Lookonchain on-chain monitoring post and multiple independent outlets (Odaily, BlockBeats, PANews, WuBlockchain), all citing Arkham data, with exact figures matching the claim. The same-day AAVE transfer (~3,332 AAVE, ~$208K) is confirmed by a separate BlockBeats flash citing an Arkham transaction and noting the earlier LINK move. All entities, amounts, and the same-day timing align with the claim.
Summary

A U.S. government-linked wallet holding crypto seized in the FTX and Alameda case transferred about $984,000 in tokens on June 10, including 98,591 LINK worth roughly $768,000 to Coinbase Prime and another roughly $216,000 in LINK, AAVE, CHZ and BAL, according to Onchain Lens. The activity extends a transfer pattern that has run since late 2025, with government-linked wallets repeatedly moving forfeited altcoins and stablecoins from the same seizure pool to Coinbase and, in some cases, to new wallets. Recent transfers cited by Onchain Lens and Arkham Research include about $805,000 in BTC, BAT, YFI and ZRX on May 29; roughly $4.56 million in UNI, RNDR, SAND, MASK, AXS, APE and DAI on May 27; and about $1.61 million in ETH, USDT, DAI and USDC on May 19. The holdings stem from criminal forfeitures tied to the FTX fraud case after Sam Bankman-Fried’s conviction in 2023. Transfers to Coinbase Prime may support custody, trading or liquidation, but on-chain data alone does not confirm an immediate sale.

Terms & Concepts
  • Coinbase Prime: Coinbase's institutional platform for digital-asset custody and trade execution.
  • criminal forfeitures: Assets the government takes ownership of through court proceedings tied to criminal cases.
  • liquidation: The sale of assets to convert holdings into cash or distribute value.