The outflows follow a $470 million transfer on Oct 7 and a separate move of $165 million in assets during the preceding 24 hours. The US government continues to hold between $27.5 billion and $28 billion in seized digital assets, primarily bitcoin, much of which was recovered from the Bitfinex hacker and Alameda Research. Federal agencies have not confirmed whether the recent shipments to the custodial exchange indicate intended sales.
Wednesday, October 21, 2026
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US Government Shifts $566M in Seized Crypto to Coinbase Prime
Crypto13 days ago
On-chain data shows that 4,632 BTC, 750 WBTC and 119 million USDT were moved from federal addresses in a window of 10 hours ending early Oct 8. These assets, which include 384.5 million in bitcoin and 62.34 million in wrapped bitcoin, totaled $566 million and were sent to deposit addresses likely associated with Coinbase Prime. The transfers were tracked by firms Arkham and Lookonchain, which noted that the USDT portion originated from wallets labeled as seized funds from FTX Alameda.
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