The US government transferred $288 million in seized BTC and ETH to Coinbase Prime

Odaily News According to on-chain tracking platform Arkham, the US government on Monday transferred a total of $288.33 million in seized BTC and ETH to Coinbase Prime, including approximately 3,800 BTC valued at $235 million and around 30,000 ETH valued at $53 million. The assets originated from criminal cases involving Brian Krewson, BTC-e, and Ryan Farace. Tim Sun, Senior Researcher at HashKey, stated that Coinbase Prime serves as the custodian for the US government, and it remains unconfirmed whether these transfers are preparation for sale or merely for the consolidation and custody of seized assets. Arkham tracking shows that the US government wallet still holds $20.6 billion in crypto assets, including 324,552 BTC. (Decrypt)