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The US government, including FTX, seized billions of dollars worth of cryptocurrency from legal battles with several cryptocurrency companies, and has now moved it to another wallet.
According to Arkham Intelligence data On December 3, the US government moved several cryptocurrencies.coins that were seized by the FTX Alameda cases after they collapsed due to mismanagement of funds back in November 2022.
The first cryptocurrency to move today is 54.8 billion Shiba Inu (SHIB), which is equivalent to $1.55 million at the time of writing. Later, the platform also alarmed that the government also moved $17.2 million of ethereum (eth) to a different wallet.
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This move was also followed by other cryptocurrencies, including $13.5 million from Binance (BUSD) and $36,070 from Axie Infinity (AXS).
The US government also moved $296,000 of other cryptocurrencies, including $106,430 from Compound (COMP), $93,950 from Numeraire (NMR), $50,710 from Wrapped bitcoin (WBTC), and $47,350 from Yearn Finance (YFI).
The US government moved bitcoin
This move has been seen several times in a year since legal battles against the cryptocurrency industry, including the collapse of FTX Alameda, reached peak momentum two years ago.
In a recent one, the seized bitcoin, worth almost $2 billion, was moved to a new wallet at different times during the transfer. The first wallet received $969 million in bitcoin (btc), and the other received $949 million.
Another nearly $1 billion worth of bitcoin also moved from 33Tg to Coinbase Prime on the same day. All wallets received the bitcoin seized from the Silk Road cases in November 2022.
Now, the US government has registered $19.48 billion in digital assets, with bitcoin, ethereum, USDT, WBTC and BNB among the largest cryptocurrencies it holds.
