The US authorities has moved hundreds of thousands in Ethereum from seized crypto wallets tied to a significant trade collapse straight into a number one institutional buying and selling platform.
Officers transferred roughly 4,820 ETH price about $9.29 million at time of publishing, from FTX and Alameda Analysis-linked addresses to Coinbase Prime.
The blockchain analytics agency Arkham Intelligence first noticed the transaction.
“ALERT: The US Authorities has simply moved one other $9M ETH seized from FTX/Alameda.
The US Authorities simply deposited $9.29M ETH to Coinbase Prime. Will they be promoting this, or returning it to collectors?”
The deposit provides to earlier authorities gross sales of confiscated digital belongings recovered from the failed trade amid the continued liquidation of belongings seized from FTX chapter proceedings.
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