US Government Moves Half a Billion Worth of Crypto in Just Few Hours
Photo: U.Today
Blockchain analytics platform Onchain Lens said that the U.S. government has moved around $565.87 million in seized crypto to Coinbase Prime over a few hours. Most recently, the government moved 94.15 million Tether (USDT), which Onchain Lens described as coming from seized funds related to bankrupt crypto exchange FTX and its trading arm Alameda Research. This comes after a series of other transactions that added up to about $471.7 million. The first batch contained 3,974 Bitcoin (BTC), about $329.95 million worth. The blockchain analytics platform described it as related to the infamous Bitfinex hack.
Source: U.Today
