The roughly $9.29 million transfer on July 15 extends a broader series of government wallet movements as traders and FTX creditors watch whether seized assets are sold, held or redistributed.
The U.S. government transferred about $9.29 million of Ethereum to Coinbase Prime on July 15 from wallets tied to the FTX and Alameda Research collapse, in the latest sign of continued management of seized digital assets. Blockchain analytics firm Arkham Intelligence flagged the movement, which involved about 4,815 ETH from a wallet labeled “FTX Alameda.” The transfer has fueled speculation over whether the assets could be sold through Coinbase Prime or eventually distributed to FTX creditors. The latest move follows broader recovery efforts after FTX failed in 2022 and comes days after the government deposited about $288.33 million of Bitcoin and Ether into Coinbase Prime from three major criminal forfeitures, including funds tied to Ryan Farace, the BTC-e case and Brian Krewson. Arkham data shows the U.S. government’s crypto holdings total more than $21.5 billion, led by 324,552 BTC worth roughly $21.22 billion. The portfolio also includes 145.25 million USDT valued at around $145 million, 750 BTC worth about $49 million in WBTC, and 17,430 ETH worth about $33.6 million. Recent on-chain activity indicates the government has also been moving smaller amounts of tokens including ETH, WBTC and SHIB. Coinbase Prime can be used for custody as well as trading, so the transfer does not by itself confirm an open-market sale.