US Government Transfers Some Seized FTX, Alameda Crypto to Coinbase

The US government has transferred some of the cryptocurrency seized from FTX and Alameda Research to Coinbase.

Onchain Lens said on May 19 that a US government wallet moved about 319 Ether, worth roughly $673,000, and about $933,774 in stablecoins including USDT, DAI and USDC to Coinbase.

The funds were previously identified as seized assets tied to FTX and Alameda Research.