The US government recently began transferring funds seized from Alameda and FTX. In this regard, US authorities have effectively transferred $984,000 worth of crypto assets FTX And Alameda. According to Arkham Intelligence data, the government has directed at least $768,000 of the aforementioned capital to Coinbase Prime. This development indicates the ongoing action to liquidate stalled digital assets to repay creditors of the collapsed FTX exchange.
The US government is transferring $984,000 from Alameda’s seized funds to repay creditors
The US government is officially transferring the crypto capital seized from the notorious Alameda and FTX projects, transferring $984,000. In particular, $768,000 moved to Coinbase Prime. This development occurs at a time when the US government’s cryptocurrency portfolio has risen to over $20.9 billion.
This is part of the ongoing action to liquidate parked funds associated with Alameda Research following FTX’s bankruptcy proceedings. These transactions underscore the government’s active role in managing these crypto assets. The final destination of the capital involved is FTX Estate.
Government cryptocurrency holdings exceed $20.98 billion, with Bitcoin ($BTC) dominating $20.57 billion
According to Arkham IntelFTX Estate aims to distribute assets recovered from collapsed platforms to affected creditors. In line with market data, the US government’s cryptocurrency portfolio currently stands at a total of $20.93 billion, with Bitcoin (BTC) dominating it with $328,354 worth of Bitcoin (about $20.57 billion).
Aside from that, the US government’s cryptocurrency portfolio also includes $62,437 ETH (~$103.2 million), $145.5 million USDT, and some smaller allocations in WBNB, $AUSDC, $BNB, and $WBTC. The property in question refers to large-scale crypto assets under the control of federal authorities. Overall, the $984,000 deal is just a small portion of the government’s broader holdings, while offering a structured approach to directing seized funds toward its creditors.
