The US government has initiated a substantial transfer of Ethereum, moving approximately 4,820 ETH, equivalent to around $9.29 million, from wallets associated with the FTX collapse to Coinbase Prime. This action highlights ongoing efforts to liquidate assets seized during the bankruptcy proceedings of the failed exchange.
Transaction Details
The blockchain analytics company Arkham Intelligence was the first to report on this significant transaction. The latest transfer adds to a series of government actions involving the sale of confiscated digital assets from FTX and Alameda Research. These measures are part of the wider liquidation process following the exchange's implosion.
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This material is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any high-risk investments in cryptocurrencies.
