The government has transferred $5.36 million in seized assets from FTX-Alameda through multiple Coinbase Prime deposit addresses. The assets, including UNI, RNDR, DAI, BTC, and various altcoins, were moved in a structured manner, indicating organized asset management rather than market liquidation. The largest transfer involved 2.66 million DAI stablecoins, while significant non-stablecoin movements included 298,179 UNI and 274,458 RNDR tokens.
The transactions, reported by Crypto Patel on X, highlight the use of Coinbase Prime for custody and execution services by institutional entities. The transfer structure, involving multiple deposits and destinations, suggests coordinated handling of the assets. Despite the modest total value compared to daily crypto market volumes, government-linked wallet activity continues to draw attention from traders monitoring potential impacts on market sentiment.
Government Moves $5.36M in Seized FTX-Alameda Assets via Coinbase Prime
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