U.S. Government transferred $103.19M in seized crypto assets, including $71.56M in BTC to Coinbase Prime and $31.63M in BNB to a fresh wallet.
Regulation & Gov ·
U.S. Government-linked wallets moved $103.19M in seized cryptocurrency assets across two separate transfers. The larger portion—833.599 BTC valued at $71.56M from forfeitures tied to Potapenko/Turogin and the Bitfinex hacker case—was sent to Coinbase Prime. The remaining amount, 40.285K BNB worth $31.63M derived from FTX/Alameda seizures, went to a newly created wallet address.
The transfers reflect ongoing government liquidation and custody of cryptocurrency confiscated through criminal and civil enforcement actions. The choice of Coinbase Prime for the larger Bitcoin holding aligns with prior practice of using established custodial platforms, while the fresh wallet for BNB suggests a temporary staging address or alternative custody arrangement.
The timing and ultimate destination of the BNB holdings remain unclear. It is unknown whether these assets will be held, liquidated for fiat, or transferred elsewhere as part of a broader forfeiture or restitution process.