US government transfers $103 million in seized bitcoin and BNB to Coinbase Prime and fresh wallets
Wallets linked to the U.S. government transferred roughly $103 million in seized cryptocurrency, sending over 833 bitcoin to Coinbase Prime and shifting 40,285 BNB, though no sale has been confirmed.
Wallets linked to the U.S. government transferred approximately $103.2 million worth of seized cryptocurrency on Tuesday, according to blockchain data tracked by Arkham and Onchain Lens. The transactions moved roughly 833.6 bitcoin, valued at around $71.6 million, to Coinbase Prime, alongside 40,285 BNB, valued at approximately $31.6 million, sent to an unlabeled address.[1][4][6][8]
Arkham transaction labels and Onchain Lens tied the moved funds to prior high-profile government seizures. The bitcoin transfers consisted of roughly 568.7 BTC forfeited in the wire fraud case against HashFlare operators Sergei Potapenko and Ivan Turõgin, as well as about 264.9 BTC connected to the Bitfinex hack. The 40,285 BNB originated from assets seized from FTX and Alameda Research.[3][4]
No sale has been confirmed, and neither the Department of Justice nor the Treasury Department has made an official announcement regarding the purpose of the transfers. Because Coinbase Prime provides institutional custody in addition to trading services, market observers noted the movement could reflect routine custody management rather than liquidation. The moved amount accounts for less than 1% of the government's tracked crypto holdings, which total roughly $27.5 billion to $28 billion.[2][4][5][7][9]
Key facts
- U.S. government-linked wallets transferred roughly $103.2 million in seized cryptocurrency on Tuesday.
- The transfers consisted of roughly 833.6 BTC ($71.56 million) sent to Coinbase Prime and 40,285 BNB ($31.63 million) sent to an unlabeled address.
- On-chain labels tied the bitcoin to forfeitures from the Potapenko/Turõgin and Bitfinex cases, and the BNB to seized FTX and Alameda funds.
- Neither the Treasury Department nor the DOJ has confirmed the reason for the transfers, and no sale has been confirmed.
- The transferred assets represent less than 1% of the U.S. government's tracked cryptocurrency holdings, which total between $27.5 billion and $28 billion.
Sources · 9 sources
- CO
Cointelegraph@CointelegraphPost on X ·
🇺🇸 JUST IN: US government wallets just moved over $103M in crypto in nine hours, shipping 833 BTC and 40,285 BNB to unlabeled addresses, per Arkham. https://t.co/6gXw1B3nUa
Open source - CB
Coin Bureau@coinbureauPost on X ·
JUST NOW: 🇺🇸The US moved $103.2M in seized BTC and BNB today, sparking fresh selloff fears. 34 $BTC ($71.56M) linked to FTX and Bitfinex cases landed at Coinbase Prime, while 40,285 $BNB ($31.63M) moved to a fresh wallet. The transfer represents <1% of the $27.5B crypto holdings, pointing more to routine custody management than a major selloff. However, Bitcoin fell below $84K, adding to trader concerns.
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
U.S. Government Moves $103 Million in BTC, BNB; 833 BTC Sent to Coinbase Prime U.S. government-linked wallets transferred 833.6 BTC worth about $71.6 million to Coinbase Prime and another 40,285 BNB worth about $31.6 million through several addresses to 0xBE7...81E, according to on-chain analyst EmberCN. The tracked wallets still hold roughly $28 billion in crypto assets, including about 324,000 BTC worth $27.7 billion.
Open source - UN
UnchainedArticle ·
U.S. Government Moves $103 Million in Seized Bitcoin and BNB, Sending BTC to Coinbase Prime Wallets linked to the U.S. government moved $103.19 million in seized and forfeited crypto on Tuesday, Onchain Lens said in an X post. The moves include 833.599 BTC , worth $71.56 million , sent to Coinbase Prime , and 40,285 BNB , worth $31.63 million , sent to a fresh wallet. Onchain Lens tied the bitcoin to forfeitures in the Potapenko/Turogin and Bitfinex hack cases, and the BNB to seized FTX and Alameda funds. Arkham labels put roughly 568.7 BTC of the bitcoin in the Potapenko/Turogin forfeiture, with about 264.9 BTC coming from the Bitfinex case. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . No Sale Announced Coinbase Prime is an institutional custody and trading platform, so a deposit there does not by itself show that the coins were sold. Unchained found no announcement of a sale tied to the transfers at the time of publication. A March 2025 executive order says government bitcoin deposited into the Strategic Bitcoin Reserve “shall not be sold.” That language applies to coins placed in the reserve. The same order creates a separate Digital Asset Stockpile for digital assets other than bitcoin that the Treasury Department owns and that were finally forfeited, and says the Treasury secretary “shall determine strategies for responsible stewardship” of it. HashFlare Case Background Estonian nationals Sergei Potapenko and Ivan Turõgin, who operated the purported mining service HashFlare, pleaded guilty in February 2025 to conspiracy to commit wire fraud and agreed to forfeit assets worth more than $400 million as of the plea date. The Justice Department said at the time that the forfeited assets “will be available for a remission process to compensate victims of the crime.” Related Listen: Inside the Coldcard Hack That Drained Over $100 Million in Bitcoin: Uneasy Money The post U.S. Government Moves $103 Million in Seized Bitcoin and BNB, Sending BTC to Coinbase Prime appeared first on Unchained .
Open source - DE
DecryptArticle ·
US Government Moves $103 Million in Seized Bitcoin and BNB, But Hasn't Said Why Government-labeled wallets sent 833.6 BTC to Coinbase Prime deposit addresses and shuffled 40,285 BNB. No sale is confirmed, but the stash behind it is the largest any government holds in Arkham's ranking.
Open source - LO
Lookonchain@lookonchainPost on X ·
The U.S. government transferred out another 834 $BTC ($71.56M) and 40,285 $BNB ($31.63M) today. Of these, 834 $BTC ($71.56M) was deposited into #CoinbasePrime. https://t.co/esJntewKzz https://t.co/XDyp4A7mP7
Open source - CO
CoinGape@CoinGapeMediaPost on X ·
🚨 $103 MILLION IN SEIZED CRYPTO MOVED! The U.S. government moved approximately 833.6 $BTC ($71.56M) to Coinbase Prime and 40,285 #BNB ($31.63M) to an unlabeled wallet on October 7. No Treasury or DOJ statement has confirmed the purpose; analysts view it as a custody reshuffle, not a confirmed sale. Government-linked wallets still hold approximately $28B in crypto, with the $103M move representing well under 1% of total holdings. 🔗Know More in the comments.
Open source - TB
The Block@TheBlockCoPost on X ·
NEW: U.S. government-linked wallets moved about $103.2 million in seized crypto on Tuesday, sending 833.6 BTC ($71.6 million) to Coinbase Prime and 40,285 BNB ($31.6 million) to a fresh address, according to Onchain Lens. The wallets still hold roughly $27.5 billion in crypto, including $27.2 billion in bitcoin. bitcoin:native binancecoin:native
Open source - AI
Analytics Insight@analyticsinmePost on X ·
𝐔𝐒 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭-𝐋𝐢𝐧𝐤𝐞𝐝 𝐖𝐚𝐥𝐥𝐞𝐭𝐬 𝐓𝐫𝐚𝐧𝐬𝐟𝐞𝐫 𝐔𝐒𝐃 𝟏𝟎𝟑 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐁𝐢𝐭𝐜𝐨𝐢𝐧, 𝐁𝐍𝐁 U.S. government-linked wallets moved approximately USD 103 million in Bitcoin and BNB, according to Lookonchain. The transfers sent 833.6 BTC to Coinbase Prime and 40,285 BNB to an unlabeled wallet. Coinbase Prime offers custody and trading services, so the Bitcoin transfer alone does not confirm a sale. 🔎 #Bitcoin #BNB #USGovernment #CoinbasePrime #CryptoNews #AI #AINews #AnalyticsInsight #AnalyticsInsightMagazine Read More 👇 https://t.co/AsklZyV7fV
Open source