US Moves $4.56 Million of Seized FTX, Alameda Crypto to Coinbase, Including DAI

The US government has transferred some seized crypto assets tied to FTX and Alameda Research to Coinbase.

Onchain Lens said on May 27 that a US government wallet sent about $1.9 million in crypto assets and $2.656 million in DAI to Coinbase.

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

The tokens moved included Uniswap, Render, The Sandbox, Mask Network, Axie Infinity and ApeCoin.

Market participants typically watch transfers from government wallets to exchanges as a sign of possible selling.