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On December 3, the U.S. government moved $33.6 million worth of cryptocurrency seized during the collapse of FTX and Alameda Research to two unidentified addresses.<\/p>\n
The transfers involving tokens such as Ethereum (ETH), Binance USD (BUSD), Wrapped Bitcoin (WBTC), and Shiba Inu (SHIB) stirred curiosity across the digital asset sector.<\/p>\n
According to data from blockchain analytics firm Arkham Intelligence, the transactions included two significant transfers of 5,024 ETH and 3,739 ETH, valued at $18 million combined. The funds were sent to unknown addresses beginning with \u201c0x9cd\u201d and \u201c0x9ac.\u201d<\/p>\n
The wallet labeled by Arkham as \u201cFTX Alameda Seized Funds\u201d also moved<\/a> $13 million in BUSD and $1.5 million in SHIB.<\/p>\n Other cryptocurrencies were also involved in the transactions, including $36,070 worth of Axie Infinity (AXS), $106,430 in Compound (COMP), Numeraire (NMR) valued at $93,950, WBTC worth $50,710, and $47,350 in Yearn Finance\u2019s YFI.<\/p>\n The transfers coincided with a broader market rally, with nearly all of the tokens included in the transactions experiencing significant upticks over the last seven days. ETH is currently trading at $3,726, almost 28% lower than its all-time high but 9% up on its level from a week ago, and an increase of more than 50% compared to its value a month ago.<\/p>\n On-chain Ethereum volume also hit a year-to-date high of $183.74 billion in November, with analysts attributing the surge to market participants reallocating capital from centralized exchanges to decentralized on-chain activities.<\/p>\n This latest transfer follows another major movement of digital assets by the U.S. government. On Monday, a wallet labeled \u201cU.S. Government: Silk Road DOJ Confiscated Funds\u201d moved <\/a>nearly $2 billion worth of Bitcoin (BTC) to Coinbase Prime.<\/p>\n The platform has emerged as the government\u2019s go-to service for cryptocurrency liquidations, especially with the stash seized from the darknet marketplace founded by Ross Ulbricht<\/a> in 2011, continuing to play an important role in the narrative<\/a> of Bitcoin\u2019s price movements.<\/p>\n Arkham Intelligence reported<\/a> that the transaction involved 19,800 BTC being split between two wallets: one received 10,000 BTC worth $969 million, while the other was credited with 9,800 BTC valued at $949 million.<\/p>\n These actions mirror similar movements reported in July, when the blockchain analytics company\u00a0highlighted<\/a> that another $2 billion worth of Bitcoin, also seized from Silk Road, was divided across separate wallets. At that time, nearly 28,000 BTC were split, with 19,800 coins valued at $1.3 billion sent to one wallet and 10,000 worth $670 million sent to another.<\/p>\n The U.S. government maintains substantial Bitcoin holdings obtained through seizures and asset forfeitures. As of December 4, its digital\u00a0asset holdings totaled $19.6 billion, and\u00a0data\u00a0<\/a>shows\u00a0that these include significant amounts of Bitcoin, Ethereum, USDT, WBTC, and BNB.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nMore Government Crypto Activity<\/h2>\n
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